One of the most powerful ways to spread awareness for the power and benefits of monetary reform is through the use of simple phrases that sum up the basic ideas without people needing to read an entire book on it. In order for a phrase to be effective, it needs to be:
- True
- Short
- Phrased so that the opposition is not turned off by it
- Bonuses: Rhymes, uses alliteration, paints a visual picture
I was thinking about this quote from Bill Still in his response to Ed Griffin:
http://billstillsmonetaryreforum.com/index.php?showtopic=206
It doesn’t matter what backs the money, all that matters is who controls the quantity.
That’s a good phrase since it’s a true statement and it’s fairly short. However I think that pro-gold monetarists will have a hard time accepting it because the phrasing includes the words “who controls” which brings up the connotation of a dictatorship. This means that even though the statement is 100% logically correct, they will likely reject it because of their emotional biases.
So I thought about ways to describe that same concept without the word “control”. One possibility:
“The only way to have zero inflation and deflation is when the quantity of money is equal to total value of the economy.”
That’s a bit too long. However it may be a good start because it paints a picture of joining the two quantities together and that even a child should be able to see that the value of a dollar would always be the same is there were always the same number of dollars are the value of the economy.
So how to shorten it? Well, people tend to worry more about inflation than deflation, so maybe you can make the phrase more powerful by simplifying that out.
Additionally the phrase “constant value money” could be used as shorthand for money that’s pegged to the value of the economy. The phrases can be shortened to:
“Constant value money means no new money without new value in the economy.”
“From constant value money comes zero inflation.”
“Zero inflation with constant value dollars.”
The phrase “constant value dollars” is a little awkward. So what about using “debt-free money” instead?
I’ve found that people have a hard time understanding what “debt-free money” is because they can’t understand that our money is created from debt without a long explanation of Fed Corp’s trickery, and so they don’t understand what the difference is that we’re proposing to make.
Also, “debt-free money” doesn’t necessarily imply that there would be exactly the same number of dollars as value in the economy. For instance you could have debt-free greenbacks but then print up too many of them.
So maybe phrases like this would work:
“No new dollars without new economic value”
“No money created without value earned”
“A dollar earned is a dollar created.”
“A dollar earned is a dollar created. Never more, never less.”
Phrase on fractional reserve banking counterfeit and the unfair inflation tax:
“A dollar created without a dollar earned is theft by counterfeit.”
Phrase on manufactured depressions:
“A dollar earned without a dollar created is theft by fraud.”
Are there other phrases that spring to your mind that you boil the concept of monetary reform down to the simple essentials so that anyone can understand it?
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