How would a labor-based currency work? Would it be superior to debt or gold-based currency? Assume there are no private banks. Historical as well as theoretical arguments welcome.
Labor-based currency
Aiden Cooper
Jaxson Cook
I don't know, sounds utopian. In my country all jobs are just getting filled with migrants working for half of a usual salary.
Andrew White
Obligatory
Lucas Brooks
Ask Hitler, seemed to work for him.
Hudson Gonzalez
You have to explain more if you don't want an anchored thread full of shit, op.
Evan Ross
Or perhaps you are refering to plundering and war or just plain kike speculation.
Fuck off.
Thomas Turner
IIRC in the Third Reich they used this system so that money would not be backed by trust (a Jewish invention) or by gold (which they didn't own that much of) but by manhours, which were much more easy to define and control. Because of that, those who worked with manual labor were paid in accordance to the amount of work they did rather than by some nebulous salary and this led to people working longer shifts to earn a shitton of money they used to buy consumer goods (which in turn helped move the cogs of the Internal Economy) as well as go to vacation hotspots in a time when most of Europe and America were in a recession. This created enough wealth that the Germans could effectively trade finished goods with Nordic countries (and the USSR) in exchange for raw material and what little they couldn't build on their own. Also IIRC old Jewish banks were foreclosed or burned down because they tried an economic coup to discredit the labour-backed money.
Jeremiah Gutierrez
I said currency, not economy.
Carson Wood
Hes right, I dont want to work for my money, fuck that shit, thats why I imported all these niggers.
Adam Moore
You don't need to sell people as slaves to base the currency on the size of the labor force. These two concepts are unrelated.