Worker real earnings stopped trending with productivity improvements the second we went off the gold standard. Part of me wonders if the market could opt back into the gold standard without asking the government for permission. Digital gold currencies exist that are about as convenient as any card transaction, if people are set up for it. But stores don't have the setup, and consumers don't universally have the currency. Herd mentality exists. But if we had a smarter herd, it would intelligently select a currency that produces a better situation for itself.
But convincing people might require explaining why, which involves some controversial monetary theory concepts that establishment economists don't want others, or even themselves to understand. And you aren't going to convince 90% of people to do something that is immediately inconvenient because of some autistic arguments about the specific mechanics of how the Fed controls interest rates. And 5 layers of analysis later, you end up poorer and working harder.
That or maybe the empirical argument is enough. We went off the gold standard, and then all the graphs say that in an instant, things started trending worse for workers. Therefore, the gold standard is good. Therefore, you are acting on your group interest to try to force the use of gold-based currencies and encourage others to do it with you in concert. The temporary inconveniences caused by network effects are temporary if people actually pushed together and we got the payment infrastructure in. Then we'd not have that inconvenience and we'd have an economy where technical improvements actually benefit us.
But how do we make herd intelligence actually work?
The News Media brainwashes people and are controlled by the banks, who won't let the gold standard happen anymore now that the Federal Reserve can print money.
Fdr confiscated gold, for reasons that don't make sense but it was cuz rothschild demanded it, they simply wanted all the gold. If we tried to somehow bring back the gold standard against the govts approval a huge covid style operation would be done to confiscate it again. We're workers so we use company tickets at the company store. Gold is what the rich use for their deals.
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Worker real earnings stopped trending with productivity improvements the second we went off the gold standard. Part of me wonders if the market could opt back into the gold standard without asking the government for permission. Digital gold currencies exist that are about as convenient as any card transaction, if people are set up for it. But stores don't have the setup, and consumers don't universally have the currency. Herd mentality exists. But if we had a smarter herd, it would intelligently select a currency that produces a better situation for itself.
But convincing people might require explaining why, which involves some controversial monetary theory concepts that establishment economists don't want others, or even themselves to understand. And you aren't going to convince 90% of people to do something that is immediately inconvenient because of some autistic arguments about the specific mechanics of how the Fed controls interest rates. And 5 layers of analysis later, you end up poorer and working harder.
That or maybe the empirical argument is enough. We went off the gold standard, and then all the graphs say that in an instant, things started trending worse for workers. Therefore, the gold standard is good. Therefore, you are acting on your group interest to try to force the use of gold-based currencies and encourage others to do it with you in concert. The temporary inconveniences caused by network effects are temporary if people actually pushed together and we got the payment infrastructure in. Then we'd not have that inconvenience and we'd have an economy where technical improvements actually benefit us.
But how do we make herd intelligence actually work?
The News Media brainwashes people and are controlled by the banks, who won't let the gold standard happen anymore now that the Federal Reserve can print money.
Fdr confiscated gold, for reasons that don't make sense but it was cuz rothschild demanded it, they simply wanted all the gold. If we tried to somehow bring back the gold standard against the govts approval a huge covid style operation would be done to confiscate it again. We're workers so we use company tickets at the company store. Gold is what the rich use for their deals.