Every Currency, including the Work-Standard, must be able to exhibit four consistent characteristics. Without those key defining characteristics, they are unworthy of being practical in the everyday affairs of any nation-state. These characteristics are: Medium of Exchange: A Currency is… Read More ›
Socialist Finance
Compendium: CMEA’s Fixed Exchange Rates and its Hard Currency Shops
There are no doubts whatsoever that the demise of the Eastern Bloc countries and the Soviet Union by extension came as a direct result of the death of Bretton Woods. While the Western Bloc and the United States opted for… Read More ›
Financial Markets and the Quest for their Work-Standard Alternative (Pt. I of II)
Financial Markets are one of several defining traits of life under Liberal Capitalism. They are financial institutions designed specifically to facilitate transactions pertaining to the purchase and sale of Kapital. This form of Kapital refers the assets of Securities such… Read More ›
Compendium: Primer on Taxation, Welfare, Insurance, and Vocations
The economic model advocated by the Work-Standard is one characterized as a “Vocational Civil Service Economy.” Economic activities registered as Arbeit (Work) under the Planned or Command Economy of the Socialist nation-state must always come from citizens employed in “Vocations.”… Read More ›
Compendium: Exchange Rates and the Impossible Trinity
Every Currency has an Exchange Rate that determines its Value when compared against the Value of another Currency. This is best demonstrated by the Price of conversions between one Currency to another. If one wishes to know how much their… Read More ›
Compendium: Currency Depreciation/Appreciation (Pt. II of II)
The following is related to the Work-Standard’s conception of Currency Depreciation/Appreciation under Socialist Monetary Policy (SMP). This entry assumes that the reader has in fact understood the conventional Liberal Capitalist version of Currency/Appreciation relative to Inflation/Deflation. Everything here will hereby… Read More ›
Compendium: Economic Governance Types and Economic Planning Models
This blog post marks the beginning of a series of “entries” as part of the Compendium on Socialist Monetary Policy. The intent, as stated earlier in the Compendium, is the formulation of the Work-Standard. The first series of entries will… Read More ›
The Fourth Estate 