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Have the Treasury issue greenbacks equal to the difference between the GDP and all wages earned on a per capita basis.

Created by D.P. on February 13, 2013

As technological unemployment increases, the problem won't be jobs but money. Lincoln showed the government has the right to create money like banks do (See Greenbacks). By giving every citizen the per capita difference between the GDP and all wages earned two things will happen. One, will be that all production could be purchased and two, that those who need some help financially would get it. For this to happen, the money must be spent and not allowed to be saved. Greenbacks never lost value and as long as the money created is never greater than the difference between GDP and wages inflation will not occur. Every depression in American history occurred due to a lack of enough money in circulation to purchase the production created. Check out Social Credit and C.H. Douglas.

Economy & Jobs
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