PROSPERNOMICS is based on the principle that the wealth of a nation should equal its money supply.  Wealth comes only  from  work.  Work  should create  money keeping  the money supply always equal to the total  wealth. Under  today's  system  the  money  supply  always  falls far short of the wealth because no work creates money... Result?,  extreme wealth in the hands of a few and mass poverty.                                                          

    The wealth of the nation is the total of all goods and services.  That wealth is useless without trade.  Trade is accomplished by using a medium of exchange we call money.  Money is either cash, paper or folding money, or checkbook money.  For an economy to be healthy, that is, free from recession, free from boom and bust, there must be enough money in circulation to equal the total wealth of the nation, all goods and services.  What good is production if there isn’t enough money to buy that production?

    When the money supply is less than the total of all goods and services, the wealth of the nation, a recession occurs.  This is because there is not enough money to purchase the goods and services available.  Some people call it overproduction which is a fallacy.  It is really the under creation of money.  When the money supply exceeds the total of all goods and services there is inflation.  Neither condition makes for a healthy economy.  The total of all goods and services should always equal the nation’s money supply for the economy to be stable. 

    New work is being done all the time, but new money is not always being created.  As a matter of fact the new money created has nothing to do with the new work being done.  This then is the crux of the problem.  When new work is being done and not enough new money is created to keep up with the new wealth created by the new work a shortfall occurs and the economy goes into a slump or recession.  The problem and the solution are simple. 

    Since new work is the only creator of new wealth it follows that new work should create the necessary new money.  Right now new money is created in the lending process which has no relation whatever to the new wealth created by new work.  Such a system is prone to both inflation and recession and a true balance can never be reached.  For the entire nation to be dependent on the lending process for its new money creation is absurd.   The solution is simply to have all new work create new money.

    As new work creates new wealth that new wealth is stolen or abused by the lack of money to trade that wealth if the new work does not create the money necessary to exchange that new wealth.  Wealth and the money in circulation must always be equal for the economy to be stable and to function properly.

    What is a dollar?  What is money?  What should money be?  If you have one dollar what does that dollar represent?  All it represents now is what you can buy for that one dollar.  But a dollar should represent more than just what you can buy.  One dollar is a measure of value, but what value?  That a dollar can buy a dollar’s worth of this or that is meaningless.  Each dollar is an integral part of the entire economy.  Each dollar is an integral part of the worth of the nation that prints that dollar.   A dollar should represent a portion of the total wealth of a nation.  If a nation has one zillion dollars of wealth one dollar should represent one zillionth of the wealth of that nation.

    So a nation's medium of supply, it's money supply in circulation could and should always equal the nation's wealth.  The Gold supply on planet Earth is finite and can never equal the wealth of any nation or combination of nations.  There could never be enough gold to equate it with wealth because new work is creating new wealth every hour of every day.  Perhaps we made a mistake thousands of years ago when precious metals were adopted as a medium of exchange.  Gold and silver have no logical basis to be used as a medium of exchange other than that they are rare.  They do not equate to the total worth of anything much less the total worth of the nation that coins the gold.   Gold is no more valuable than clay and sand.  Clay, sand, gold and silver all require work to be useful in any capacity.  The only thing that gold and silver can represent is the work done on the gold and silver ore to refine it into the end product.  Outside of that, gold and silver have no other value.  No, gold and silver are not a good and valid medium of exchange.  Federal Reserve Notes have proven that gold and silver are not necessary as a medium of exchange.

    What is the logical and proper form of money to be used for any medium of exchange?  Money in any form should represent wealth.  Where does wealth come from?  What is wealth?

    Nothing in this world has any value, worth or wealth without work.  Gold ore, silver ore, sand and clay have no value or wealth if they are not converted to something useful by work.  If you do not work on raw materials they remain useless and without value.  Work and only work creates value, worth or wealth.  Each and every hour of work done creates new wealth whether it creates money or not.  When new work is done and no new money is created to represent that work a kind of theft takes place.    

    Consider this.  New work is done.  The work is paid for with existing money.  That is money that had no bearing or relation to the new work done.  That money was already in existence and does not reflect the total wealth in any way shape or form.  New work is new wealth and new wealth should be reflected in the creation of new money so that the total of money in circulation will always equal the total wealth.  When new work is paid for with existing or what I call “old” money the 1 to 1 ratio of work to the money supply is corrupted and can not afford anyone a fair deal in any exchange. Total wealth = money supply = stability.

    New work creates new wealth.  The assembly-line worker who turns the same bolt hundreds of times each day creates new wealth each time he turns a single bolt.  Turning each single bolt is new work that has never been done before and creates new wealth.  To be logical, practical and to maintain a legitimate basis for new money, new money must be created as new work is done.  In such a system the money supply will always equal the total wealth of a nation.  Each dollar printed will accurately represent a portion of that wealth.  Dollars today have no bearing or relation to the total wealth of a nation.  Our current monetary system is neither logical, practical or proper to sustain any nation, let alone these United States of America.

    If everything derives its value from work, work should create money.  Gold has no logical relation to value and the wealth of a nation.  The wealth of a nation is the combined total of work done in that nation and nothing more and nothing less.  If the wealth of a nation is the sum of all work done, then it follows that the money in circulation should always equal all of the work done, the same as the total wealth.

    But that is not the case today.  For money to do its job logically and properly the total money in circulation should and must equal the total of all work done to date, the total wealth of any nation.  As explained earlier, if the total worth of all wealth is one zillion dollars, one dollar should be equal to one zillionth of the total wealth.  Today one dollar represents nothing more than what one can buy in spending that dollar.  The dollar has no relation to the total wealth.  When work creates money every dollar would represent a portion of the total worth, the total wealth of the nation.

    All work should create money and in doing so the total of money in circulation would always equal the total wealth exactly, to the penny, of any nation.

    The total amount of money in circulation, to be a legitimate medium of exchange, should reflect the total wealth of any nation, the total of work done.  Today there is no correlation between new work and new money.  Neither is there any correlation between the money supply and the total wealth.  Vast amounts of new work are being done daily and no new money is created to reflect this new wealth or work.  As a result the money supply falls drastically behind the work or real wealth created and there is simply not enough money in circulation to reflect the true wealth of the nation.  And, no one is getting just and proper compensation for the work they do because they are all being paid in “old” money and not new money.  The end result is that there are a small number of very rich people and masses of people in poverty.  Allowing new work to create new money would keep the money supply always equal to the total wealth and there would be no shortage of currency.  In such a condition there is no excuse for poverty and none should exist.  The only people in poverty should be the people refusing to work.

    It has been said that money should have intrinsic value.  Giving money intrinsic value as in calling gold coin money makes little sense.  Yes, there is value in gold.  Gold was mined, smelted and coined and derived all of its value from the work done on the gold ore.  But, gold can not, in any quantity, represent the total wealth of a nation.  Assuming gold is money assumes that there is an equal amount of gold equaling the amount of wealth in the world today.  Such an assumption is preposterous.  It is illogical, unreasonable and nonsense.  The amount of gold in circulation can never equal the ever increasing work done, the wealth of a nation.  That money in circulation should equal the wealth of a nation gives a sound basis for the value of the medium of exchange we call money.

    Money in circulation should always represent past work done, old money.  When ever new work is done the total wealth of the nation increases by the amount of that work done.  That new work should be reflected in an increase of the money in circulation. The only way to accomplish this is for new work to create new money.

    The money system of the future will allow new work to create new money keeping in balance total currency with total work done.  Only with such a system can we arrive at a fair and just economy and marketplace.  That money in circulation should always equal work done is a sound, logical and just concept.  Such a concept is far superior to what we have now.  Such a concept is inevitable.  Why wait perhaps decades, perhaps centuries for this to happen?  It can happen now.  It can be a reality now.  It can provide us with the most prosperous economy ever known to man.

    The same way that banks create money when they make loans, new work can create money very simply.  One method of doing this is to have banks provide employers with special checks which, when deposited, allow the depositor's bank to create the money that pays for the new work by simply crediting the depositor’s account, thereby creating the necessary new money.  At the same time the deposited check debits the employer’s account an equal amount of money.  This money, debited from the employer's account, goes directly to fund the government, eliminating the need for taxes.

    Another method to have new work create new money would be for the employer to phone his bank and, at the push of a button, complete the transactions necessary to create the new money that pays the employee for the new work and at the same time, debits the employer's account, sending the debited funds to the government.

    The concept of Prospernomics is here.  The technology for Prospernomics is here.  The age old concept of taxation as we know it is obsolete and needs to be done away with.  Prospernomics will provide more than ample funding for government.  Prospernomics will end the archaic, cumbersome and inhuman debasing practice of levying taxes.  Government funding can and should be directly connected and tuned to the creation of new work and new money. Prospernomics will do exactly that.

    Prospernomics can elevate the condition of man on this planet to a level never before thought possible.  Prospernomics is here for the taking.  Take it.   

    Prospernomics is the money system of the future… and the future is now.