Posts Tagged ‘productivity’

“Gold is the currency of kings, silver is the money of gentlemen, barter is the money of peasants, but debt is the money of slaves.”

—Norm Franz, Money and Wealth in the New Millennium

“Indeed, many would say that, without debt, the world couldn’t function. Debt has always existed and always will. However, in eras past, debt often played a much smaller role, and those eras were marked by greater progress and productivity.” -Jeff Thomas

“The real underlying cause of our wealth and income disparity in America is that wages are no longer connected to gains in productivity.” -Porter Stansberry

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“Here’s a chart based on research from the Economic Policy Institute that describes the problem. As you can see, productivity in this country grew nearly 250% between 1948 and 2014, but median wages only grew 109%…You’ll also notice that the divergence begins around 1971… the year President Nixon removed the U.S. dollar from gold.

Why? Because paper money doesn’t transmit gains in productivity like real, sound money should.

In short, when the dollar was unlinked from gold, the government was granted the ability to create unlimited amounts of new money. But this money doesn’t flow to everyone equally. It is created in the banks, and then works its way through the financial system before eventually trickling down through the real economy. The result is that asset and consumer prices have risen far faster than wages.” -Justin Brill

It (stress) costs businesses more than $300 billion annually – making folks sick more often and resulting in higher employee turnover and lost productivity.  And it has big consequences for your personal life….  Being able to control your stress is a key factor in living a wealthier, healthier life.” -David Eifrig