"LABOR IS PRIOR TO CAPITAL. LABOR CAN EXIST WITHOUT CAPITAL; BUT CAPITAL CANNOT EXIST WITHOUT LABOR''

Re: Money as the root of all evil?

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Posted by david searles on June 02, 2009 at 22:56:27:

In Reply to: Re: Money as the root of all evil? posted by David Searles on June 01, 2009 at 15:57:59:

where I wrote

"eg. you as an artisan could choose to transfer a painting to someone else for cash or for labor notes."

I meant that you as a private person would be able to do what you want with your personal property. eg. transfer it for cash, for whatever price you could get for it or transfer it to someone for as many hours of labor notes someone agreed to give you for it.

Having the labor notes able to circulate would put a lot of flexibility into the system

dave


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