|
Now, when you use money as measure of value then it will always remain
the same without stretching or shrinking. Just as a yardstick will measure
distance so will a dollar measure the value of the product that you buy or
sell. There will never be an inflation or deflation of the dollar. There will
never be any revaluation nor a devaluation of the dollar nor any mystic
happenings to the dollar through which the financier robs the producer and
distributor of their rightful earnings. Unless the people understand that money must be used as a measure of the value of land, products or labor and not as a value in itself, then they will continue to be fleeced of everything they earn by the financial tricksters who defraud them. What gives the value to land, products or labor? Supply and Demand. Nothing else. If you want land of little or no value go to places where there is no demand for it. If you want land of great value go places where there is much demand for it. You can buy land in one of the great deserts for a cent an acre. At least, some time ago, I was offered thousands of acres for a flying field on one of the western deserts for a cent an acre. Why? Because there was no demand for it. But, if you want land in the center of a large city then you must pay millions of dollars per acre for it. Why? Because there is great demand for it. So you see land gets its value according to supply and demand. Supply and demand decide the values of your products in the same way. If the sup- |
ply of potatoes is greater than the demand, the value of the potatoes
decreases, but if the demand for potatoes is greater than the supply,
the value of the potatoes increases. Supply and demand decide the value of labor. A man with ability to do useful work that others cannot do is sought more than the man without ability. That creates a greater demand than there is a supply and his value is increased thereby, while the men of lesser ability are in large numbers and there being lesser demand for them decreases the value of their services. Now, money has nothing to do with increasing or decreasing the value of land, products or labor. It is simply caused by supply and demand. You must understand that or you can never understand genuine economics. You will always have the false notions the financier puts into your heads so that he can rob you and as long as you follow the advice of the fellow who robs you or his agents then you will continue to be robbed. Right there is where the financiers start to defraud you. They teach you that money has value and that its value is increased or decreased according to the quantity of Gold they have in their vaults. As they own or control the Gold they are in a position to do whatever they like with your money. They can stretch or shrink its purchasing power as they choose. They can withdraw money from circulation at will. They can steal everything that everybody produces. They can pauperize the industrialist, the merchant and the laborer whenever they want to. They fool you by making you believe that |