$ USER FRIENDLY MONEY (UFM) $ Page 2
Now that you've read the goals of the UFM Network, and have a rough idea of its method of collaboration (by voluntary adoption of common words and phrases aimed at change—from an unfriendly to a friendly monetary system of production)—let me begin to write this book and remain as pointed and brief as possible.
UFM goals enphasize full employment—so that no one looking for work is very long without it. Government interest-free loans are used to get an education and continue on with training. And a government loan of working capital for self-employment or a small business will follow—if a suitable job is not available.
The funds for such guaranteed full employment shall be spent and lent into circulation by congress under law.
The limit of such financial support will be found by its effect on affordable prices. As technology and automation progress—and economic output doubles and redoubles—instead of people becoming surplus souls ready for rejection by an evil system, their guaranteed employment, income and importance to each other will be stronger by the day and never weaker.
Monetary systems of production do not run out of money—they fail only if they run out of stocks of saleable inventory for consumers or for businesses (who themselves buy inventories.)
Monetary systems of production do not need debt to create money's exchange value. They need only the prospect of affordable prices for items produced for sale or use.
Monetary systems of production do need money enough for all who depend on it for material need (because marginal farming is out of the question and their friendly money's purchasing power is certain—more certain, in fact, than all other sound money's.)
Such plentiful money can mainly be left on deposit in a licensed bank. To be fair to such depositors, who have refrained from spending while inventories were produced and distributed, such balances on deposit must be protected from inflation.
Over time, all people will soon have no consumer debt—and they will have more money in the bank than they owe, for any reason.
Negative net worth will be as uncommon as it ought to be where people prefer work to poverty—and all work generally makes sense.
Running a system on cash instead of debt makes sense—when stability is the goal. The only reason to prefer debt to cash is the hope of uncertain unearned reward: such casino systems belong in Las Vegas—not in charge of defending liberty and civilization itself.
But it would be a goal of the reforms we propose to leave other desired systems alone—to use their own rules (perhaps opposite our own)—to illustrate, where possible, better reform than ours, and even no reform at all.