The Solution: Make work time the money unit.

We know the length of a meter because we can see its length.  Therefore, the meter is the same length in all countries. 

By putting time on money we would clarify how much each of us deserves to be paid for the work we do.  There would always be room for negotiation.  Some people could be paid more and some people paid less than an hour of money for an hour of work, but the range of variation would be much less than it is today.

Work time is already the center of gravity for currency exchange rates.  Divide the Gross Domestic Product of every country by the hours of work that produced it.  This tells us the value of every country’s money per hour of work.  These GDP’s per hour of work for 2004 correlate with actual currency exchange rates a strong .86 of a possible 1.00.

This strong relationship has existed for all the years that the International Monetary Fund has published currency exchange rates, since 1948.  That tells us that equal work time is in fact, although unrecognized, the world money unit. 

All measurements are done with instruments that precisely define the units of measure, except for money.

Money’s job is to communicate equivalent price, so that people are paid the equivalent of the price they pay by working, “my time for your time.”

People receive money by the hours they work; let’s pay them in goods and services in hours of money.

Cooperation

Time Money for Global Harmony

Rich countries are below the line of equal work time; poor countries are above the line.  This tells us that exchange rates of rich countries are too low and exchange rates of poor countries are too high.  Equalizing them will make trade more fair and more sustainable and do more to help poor countries rise out of poverty than any other form of aid.

Cooperation

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