The US did all sorts of make work projects during the Depression, notably the WPA (Works Progress Administration) which it's members said jokingly stood for "We Poke Along". They did some good work, but knew it was a racket. All the National Recovery Act efforts by FDR just lengthened the Depression. Germany got out of the Depression mostly because it, prior to WWII had the same positive public opinion about the future that the US had post-WWII.
Bullet trains are a waste of money in a country with good air travel and an fancy and complete interstate highway system. Moreover, when they try to build them in Cali, they are gigantic boondoggles that waste billions in taxpayer funds.
As a side note, I would also love if we had a midevil definition of usury, or at the very least, interest for all loans was capped at 3%.
The issue I see with a labor currency, is the market setting prices for different types and kinds of labor, would be impeded upon. Frankly, how's that different from a dollar bill anyway, because in about 10 minutes, people would switch their labor currency to dollars and get a pay day loan to by a new Xbox.
I'm no libertarian, but wage and price controls have been, and always will be, a disaster.
The US did all sorts of make work projects during the Depression, notably the WPA (Works Progress Administration) which it's members said jokingly stood for "We Poke Along". They did some good work, but knew it was a racket. All the National Recovery Act efforts by FDR just lengthened the Depression. Germany got out of the Depression mostly because it, prior to WWII had the same positive public opinion about the future that the US had post-WWII.
Bullet trains are a waste of money in a country with good air travel and an fancy and complete interstate highway system. Moreover, when they try to build them in Cali, they are gigantic boondoggles that waste billions in taxpayer funds.
As a side note, I would also love if we had a midevil definition of usury, or at the very least, interest for all loans was capped at 3%.
I don't know what you mean by "labor currency".
The issue I see with a labor currency, is the market setting prices for different types and kinds of labor, would be impeded upon. Frankly, how's that different from a dollar bill anyway, because in about 10 minutes, people would switch their labor currency to dollars and get a pay day loan to by a new Xbox.
I'm no libertarian, but wage and price controls have been, and always will be, a disaster.