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.
I think it's recreating the wheel in most of what you're writing, and I would worry about unintended consequences. It would be better get control of the federal reserve. That said, why not, at this point.
I would prefer if we had a labor market that was more stable in the West by ending immigration, which would take care of a lot of the problems in an of itself, of labor's value being depreciated.
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.
I think it's recreating the wheel in most of what you're writing, and I would worry about unintended consequences. It would be better get control of the federal reserve. That said, why not, at this point.
I would prefer if we had a labor market that was more stable in the West by ending immigration, which would take care of a lot of the problems in an of itself, of labor's value being depreciated.