Money: A Mirror Image of the Economy

by Dr. J.W. Smith, (2nd Edition, 2008) 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 system, 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. Please go to www.ied.info for more information.