Go for the money, and fix it. Its names, “dollars,” “euros,” “dinars,” Identify their nationality but not their value. We need all money to say on its face what it is worth. That seems like a lot to ask, but the odd thing is that we have used money without a definite stated value for so long. We judge our money’s value at the moment we go to spend it. We do not know and cannot know how much the money is worth until that moment.
Let’s put Hour on all money, everywhere. Then everyone will know, just by looking at it, how much their money is worth. It seems like a novel idea for money, but it happens with all other measurements. If a board is marked 10 feet long, we know and expect it to be exactly 10 feet long. The same is true of measures of volume, weight, temperature and time.
The beauty of the old Gold Standard was that an amount of gold was printed on it as its value. The unit was wrong, an amount of gold, but the statement of what the money was worth was still the correct idea. We just have to pick up where the Gold Standard left off and print the value of all money in units of Hours of Work. Imagine, encouraging work to produce wealth.
Share the work, share the wealth. It’s the way to go for the gold. Hour Money.
While we are at it, let’s also make it Our Money. That is money that the government spends into circulation by paying people with it to produce goods and provide services that promote the public well-being. That’s what I understand by wealth, well-being.
