Money: A Mirror Image of the Economy

<p>Any economically viable region can create a currency viable only within its borders, use that created capital to build infrastructure and industry, and the circulation of that money will operate a prosperous economy. Simultaneous with the 800-year evolution from plunder by raids to Plunder by Trade, wealth and power established Western property rights law. Those laws appropriated massive sums of money which became capitalism's financial engine. But its efficiency is an illusion. Not only are those laws the foundation of poverty and wars, full and equal rights--as laid out by America's premier economic philosopher Henry George--creates an economic engine half the size with twice the power. The causes of war are eliminated, poverty disappears as technology spreads quickly across the world, a quality life for all the world's citizens can be had in two generations, and the employed labor time for each world citizen drops to 2 to 3 days per week.</p>

Business & Money

JW Smith

Economics

Institute for Economic Democracy Press

Dr. Smith clarifies the basics of that most mysterious and powerful of human inventions—money. – Professor Richard Heinberg, author, Oil, War, and the fate of Industrial Societies. Dr. J.W. Smith Leaps the Obfuscations and makes the operations of money easily understandable. – William Kotke, author Final Empire Only a handful of great books, brief and highly fo-cused, have moved civilizations significantly forward. This is one of those rare books. – Professor Glen Martin, author, Millennium Dawn An analysis of the simplicity of creating or destroying money tells us that all inflations and an occasional deflation are planned events. Utilizing a currency valid only within their borders, a dual currency sys-tem, an allied developing world can create money to build infrastructure and industry. Applying Henry George’s philosophy across the economic spectrum transposes monopoly rent values into equally-shared use-values. Quality of life increases as working hours drop by half. Henry George’s principles applied to world money systems is the lever to eliminate monopolies worldwide. Fully 60% of those huge blocs of capital disappear. Not only were they never necessary, their collection under the current monopoly structure reduces economic efficiency by fully 50% or more. That those monopoly funds can be replaced by a few computer strokes is the secret that banking monopolists will never share. For 500 years rights to the commons were forcibly taken away from the people. Everyone knew this was theft of the rights and millions were slaughtered in the struggle to protect those rights. The last 200 years of that 700-plus-year struggle private ownership of public wealth became accepted as normal. Some of what we know as "the classics" were not even philosophies, they were only justifications for the inefficient rule of law being put in place.

SMITH, J.W.

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Books by Institute for Economic Democracy Press

See the best price to sell, buy or rent books by the Institute for Economic Democracy Press publisher. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Money: A Mirror Image of the Economy

Money: A Mirror Image of the Economy