Comments by "ALLHEART" (@ALLHEART_) on "The Economy Is Fake, the Jobs Are Fake, the Money Is Fake" video.

  1. E Michael Jones has critiqued currencies grounded in precious metals because they effectively and historically put a cap on productivity and output (note: he does not mean GDP here, but actual production and material provisioning and advancement of society), because there is only a finite amount of them and that amount cannot grow, and historically this has been a problem for countries whose currencies are grounded in precious metals. He has proposed instead tethering the money supply to the amount of labor in a given nation, which would also be a form of hard currency (at least potentially, at least harder than fiat, which is grounded in nothing, for sure). His book, "Barren Metal: Capitalism as the Conflict Between Labor and Usury", goes into more depth. I'd like to read it. He draws on German economists like Heinrich Pesch. He might not be correct here, but he has a lot of cool economic ideas.
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