White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1935-03-07
'NATURAL ECONOMICS"
(Continued)
BY Jesse H. Tromanhauser

|
The government, having the power
to issue money in unlimited amount,
has only to produce the money in am
CUNT necessary to carry industry, and
beyond this there is no further need
for money. The farmer, the manufac-
turer, the merchant, the transporta-
| ton, postal and similar systems would
go on just as they are, and all pro-
fessional and educational work would
function just as now, but the remun-
GRAFTON for all such occupations would
come direct from the government
through its national banks. All classes
of people, professional, industrial or
executive, would be in the direct en-
ploy of the government and be paid
by the government. There would be
no bills to render or to collect, all
would pay as they go, and the burden
of life as 1t is today would be almost
entirely lifted from our shoulders.
At present, it is almost impossible
to carry out any new project, for the
reason that money, being privately
owned, will not assume the present
risks of investment, and as a conse-
quence, new industry and improve
ments cannot be accomplished and
this situation forms the deadlock that
now exists. The risk must be removed
| from private shoulders and placed up
on the whole people, and until this is
done these periodic depressions and
| their terrible deprivations and suffer-
! ing will forever be with us; they cannot
be removed until individual fear of loss
and disaster has been expelled from
hun in FLO ~,
solution of the problem is to place
all risk upon the people as whole,
and that is exactly what the Natural
Economic System proposes to do. Under
| the new order, each and every man and
woman would be under the necessity of
willingly performing their share, and
for this service they would receive a
salary while on holiday just the same
as while working.
All men know today that the ma
chine is mans best servant, and while
some blind people are clamoring for
the destruction of the machine, the
natural thing to do is to make the
machine support us through it's splen-
did efficiency to render human life
the maximum of rest and comfort.
All we need to do is to remove the
product of the machine from private
ownership and gain to that of the
people, and then work the machine at
reasonable speed until our needs are
amply supplied, and when we have a
surplus of it's product we will simply
stop the machine and all take holi-
day under full pay while the surplus is
being consumed That's all there is to
the economic game when played in
Natures simple way
Let us, therefore have more ma
chimes and less of physical labor Let
us work our brains as well as our
hands and provide an economic system
suitable to our needs, just as genius
has provided the efficient machine and
as science has so wonderfully provided
for our welfare.
| In operating under the Natural E'c-
ononlic System there would, of course,
be a necessity for a medium of ex-
change very similar to the money and
methods now in general use, and all
economic transactions would be mea-
sured by the dollar standard Just as
we do now
The price of all commodities would
be fixed by their actual cost of pro-
duction and not by supply and demand
as at present. There would be no profit
added to the cost of production, and
the consumer would, therefore, buy at
cost, which means that he would re-
ceive the highest possible value for his
money.
The consumers money would come
to him direct from the government as
salary paid him for his service in the
industrial, professional, executive or
| any other section or department of
human affairs and, since the govern
ment is the employer, it also is the
owner and controller of the products
produced therefore, when we buy our
supplies, the money we pay for them
goes back directly to the government
to enable it to meet it's obligation to
us at our next pay day. This, and this
alone, would be the limit of money
utility in the economic affairs of the
people under the Natural Economic
System.
Money would not be loaned by the
government with an interest charge,
to any individual, as is now done by
our private banking system. Individu-
ais might make temporary loans be-
tween themselves as matter of con-
venience and goodwill, but all interest
charges would be illegal and prohibited
by law and no money could be diverted
from its fixed purpose by either the
| government or the individual.
Under the Natural Economic System,
money would not be considered as
wealth, but merely receipt given to
the individual for wealth created by
his labor and money is intended only
as convenient medium by means of
! which all workers may exchange their
labor for the products of other workers
who produce necessary commodities
| not produced by themselves, and when
| this function of convenient exchange
| has been performed, money has full
filled its purpose and must go back to
| the government banks to be released
again only in payment for further SER
vice performed by the people, This, and
this only, is the proper function of
money, and it should not be considered
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