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Under current "money madness" the question has no answer.
Ask yourself the following questions:
__ What is stopping you from buying what you need?
__ What is preventing the employer from hiring?
__ What is stifling production and trade?
Answer: not enough money.
Who has all that money and why are they stifling trade?
The billionaires may have a substantial portion, but they aren’t stifling trade. The money system is. The system is based on insanity.
The next question is critical to understand the madness : who controls the issuance of money and its relative proportionality to the marketplace?
If you thought it was GOVERNMENT, wrong.
In American law, only gold and silver coin are tender in payment of debt.
Congress only has power to coin money (stamp bullion) and borrow money.
If Congress had the power to create money, it would not need the power to borrow money.
And if Congress is not empowered to create money, it did not grant that power to anyone else.
If you were deceived to believe that “dollar bills” are money, again, no such law supports that belief. “Dollar bills” (Federal Reserve NOTES) are DEBT, authorized under the power to borrow money. Congress is kiting “bad checks” using all participants in FICA (“contributors”) as underwriters of said notes. And the only way the law authorizes more notes to be issued is to go deeper into debt (INSANE!). The current public debt, in excess of 17 trillion dollars (not dollar bills) is practically impossible to repay. (Based on current mining rates it would take 7000 years to mine enough - if - the debt and interest were frozen). But this insanity cannot be questioned pursuant to clause 4, 14th amendment, U.S. Constitution.
Prosperity Solution
Sane people accept that money is not wealth, and wealth is not prosperity. Prosperity results from the production, trade and enjoyment of surplus usable goods and services. Anything that interferes with prosperity creates misery. Consider that doing more with less so more can enjoy builds happiness. Whereas doing less with more so few can enjoy brings misery and suffering. Obviously, we prefer prosperity over misery. So when industries automate, reduce labor and resources to produce goods and services, why does that HURT our economy? That should be a good thing for everyone!
Answer: Unemployed workers can’t trade their labor for money tokens anymore.
In the money mad world, there are only THREE ways to acquire money tokens : trade (work), charity (socialism), and predation (theft, usury, gambling, etc). Predation is unacceptable, and compulsory labor (slavery) for the benefit of another is unacceptable. We obviously need a FOURTH way to provide the medium of exchange to facilitate trade.
FOURTH WAY
What other way can one get “money,” or any medium of exchange, beyond trading one’s own labor or property; charity, public or private; or predation?
Create it yourself.
So how does “creating money” work?
One issues a note, payable in the future, that essentially passes value to a future trade. The key is to not denominate the note in current monies (which are scarce and finite), but in real goods and / or services. That way the notes are not restricted by the arbitrary sum of current monies. And the notes are ephemeral, too. Upon tender, each note is extinguished. However, the issuer may re-issue that note, thus obligating himself to redeem it at a future date. (The more you want, the more you promise to work.)
Any productive laborer can issue private promissory notes (like coupons) denominated in labor, general or in skills that he possesses, and trades those notes for what he wants. In turn, when a labor note is tendered on him, he discharges it by doing the labor. Private issuance of notes eliminates the need for public charity / socialism. Unemployed labor makes itself available for hire, via its promissory notes. A prospective employer doesn’t have to advertise - merely acquires outstanding notes of available labor, and puts them to work.
Any productive business can issue notes denominated in that which the business produces or performs. A farmer could issue notes denominated in his harvest. A restaurant could issue notes denominated in meals. A barber could trade haircut notes. Any productive entity, laborer or business, can issue the medium of exchange needed to trade for what they produce or perform. Private issuance of notes allows a business to buy labor and materials without begging for credit from a usurer. And discharging notes with finished products that are more valuable than the raw materials, insures profit and prosperity for all concerned. And there’s no need to advertise when any holder of a note is automatically a customer.
Without the dead weight of parasites like usurers and collectivists, the productive people can prodigiously produce, trade and enjoy that which they have earned. They no longer have to sell at wholesale and buy at retail, nor support the hordes of bureaucrats or be delayed by administrative red tape.
The only limit on the issuance of notes is the capacity of the issuer to redeem them. Thus the marketplace of goods and services now has the means by which trade can proceed despite the lack of “official money tokens.” Best of all, the notes remain proportional with the marketplace. More goods and services is matched by an increase in notes with which to trade for them. Thus we build prosperity and find happiness.
Now we can see that any discharge of employees due to automation only increases available labor that can be utilized in a myriad of ways. Without the restriction of scarce money, meeting the needs of a society is no longer hostage to the powers that control the value and volume of circulating medium. The fourth way of money creation by productive people obliterates the centuries long dominance by the masters of money.
Power to the People.
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