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Channel: Labor – Armstrong Economics
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It is Interesting How People Define Labor as Communistic

It is fascinating how some people interpret “total productive capacity” as only brute labor and thus, communistic. This becomes their argument for precious metals. True, Marx focused on labor as...

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Why Money Need Not Be “Tangible”

COMMENT:  You said: “The wealth of a nation is the total productivity of its people. If I have gold and want you to fix my house, I give you the gold for your labor. Thus, your wealth is your labor, …...

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It is Interesting How People Define Labor as Communistic

It is fascinating how some people interpret “total productive capacity” as only brute labor and thus, communistic. This becomes their argument for precious metals. True, Marx focused on labor as...

View Article

Image may be NSFW.
Clik here to view.

Why Money Need Not Be “Tangible”

COMMENT:  You said: “The wealth of a nation is the total productivity of its people. If I have gold and want you to fix my house, I give you the gold for your labor. Thus, your wealth is your labor,...

View Article

Image may be NSFW.
Clik here to view.

Tariffs – Labor – Consumer

QUESTION: If Donald trump issues a tariff on countries like china will that cause the price of goods from china to go up in price?? Also is he correct by saying it will bring jobs back to the united...

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