The Rise and Fall of the Gold Standard in the United States
There is, in informal discussions and even in some academic writings, a tendency to treat U.S. monetary history as divided between a gold...
The goal of an economic system is to increase the standard of living of the society. It makes little sense to distinguish between producers and consumers in that context, since we are all both producers and consumers. It also makes little sense outside discredited Marxist theory to distinguish between management and labor, since we all share the benefits of increasing economic efficiency and profitability. Unfortunately, U.S. labor law is still based on outmoded notions from the 1930s about mass production and oppressed workers. It is time to accommodate our labor laws to the information age.
