Time Money Institute for Global Harmony

Dedicated to establishing an hour of work as the world base money unit

All pages of this website have the same URL – The internal links are: Home & Address & Contact, Money Problem, Mortages Govs and Money Facts, Money Solution, Most Wealth, Theory, Play the Game, News & Articles, How Help, Links.

Address: Bob Blain, Time Money Institute for Global Harmony, P.O. Box 644, Edwardsville, Illinois 62025, USA.

  • Time and money, how many times have you heard them mentioned together? That’s because they belong together.
  • I’m Bob Blain, Emeritus Professor of Sociology, Southern Illinous University Edwardsville. My job here is to explain to you how we need to complete the evolution of money by making an hour of work the base money unit everywhere in the world. In doing so, we will also advance the evolution of democracy from political representative democracy to economic direct democracy.
  • Sound like a lot to do? You bet! But you and I, working together, can get it done. I will explain here how you can help. (Homepage).

The Money Solution

Money’s job is to communicate reciprocity, so that people are paid the equivalent of the work they do, an hour of the product of someone else’s work for an hour of the product of one’s own work.

We know the length of a meter because we can see its length. Therefore, the meter is the same length in all countries. Clocks regulate work because everyone can see them; people are paid by the hour but the money does not say so. By putting HOURS on money, pay would become more accurate and fair, locally, nationally, and globally.

Pay is always negotiable. Some people could be paid more and some people could be paid less, but the range of variation would be much less than it is today because it would always be relative to the standard, an hour of money for an hour of work.

Work time is already the center of gravity for currency exchange rates. Gross Domestic Product divided by the hours of work that produced it expresses the value of any country’s money per hour of work. For the 92 countries with the published date for 2004, these GDP’s per hour of work 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 and has been in fact, though unrecognized, the world money unit.

The center diagonal line represents equal work time. If all countries were on that line, their currencies would exchange, equal work time for equal work time. 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 help poor countries rise out of poverty through fair trade.

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