â„–2441745[Quote]
Is this model founded in the Austrian school of economics?
â„–2441746[Quote]
>>2441745This was Nazi Germany main economics system for the unemployed, 27% of the poor Germans worked and get paid by it till the country get back on it feet, they also paid in silver and gold but the main civilians were getting paid by the certificate
â„–2441747[Quote]
>>2441745No, he's talking about a system of labor vouchers I think.
â„–2441750[Quote]
>>2441746>>2441747Yes, what im wondering is if this economic model originated from the Austrian school of economics, its world renowned for it economics teaching. Austrian and Germany used to be under the same rule I believe.
â„–2442278[Quote]
>>2441720 (OP)This still causes inflation.
Work certificates are creating more currency. When farmers sell their crops for the certificate the certificates compete for the food with the regular marks and that causes increase in prices.
Fuck keynesians
â„–2442283[Quote]
Printing money on demand doesn't sound very smart in the long term. Why do all modern economics seem to function as though it's presupposed the country won't last for more than 100 years? We don't have any long-term thinking.