I was hoping to finish this video a little earlier and have it posted in time for the Labor Day weekend, but it got a little behind schedule -- although it is still Labor Day here in the US for a few more hours (or a few more minutes, if you're in the Eastern time zone).

Nevertheless, the subjects discussed in the above newly-published video, entitled "Money Creation vs Unemployment & Indebtedness," are applicable all year around.

In this video, I discuss the connection between commodity money and commodity labor, a subject explored in more depth in a recent article published by Professor Michael Hudson entitled: "Debt, Land and Money, from Polanyi to the New Economic Archaeology."

That article provides a critical discussion by Professor Hudson of the link between money and labor, building on the watershed 1944 publication by Karl Polanyi (1886 - 1964) of The Great Transformation, with the benefit of the knowledge of what has transpired in the 76 years since Polanyi's work was written.

The crucial link between the understanding of the ability of sovereign governments to create money and their ability to eliminate involuntary unemployment (and all the social ills that unemployment entails) was clearly elucidated by Polanyi in that book, and after watching this video you should understand it for yourself.

We are told flat-out lies about the creation of money by agents of a constituency that benefits from restricting the ability of governments to provide for the good of society as a whole -- and who in their arrogance even go so far as to declare that "there is no such thing as society."

Such positions are immoral -- and place those who support such ideas in direct opposition to the teachings of the world's ancient wisdom, preserved in the myths given to every culture on our earth, from every inhabited continent and island.

The unique talents and gifts given to men and women are always depicted as originating in the divine realm, in the world's ancient myths. Disrespecting the source of those gifts always leads to disaster. 

Those who intentionally support policies which create unemployment and under-employment and place severe obstacles in the path of the expression and fulfillment of the gifts and potential given by the gods to individual men and women (and those who spread deception in order to give false "intellectual cover" to such destructive policies) are placing themselves in direct opposition to the ancient wisdom given to humanity, and to the divine realm itself.

And those familiar with the ancient myths know that such a choice is a very ill-advised course of action.

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For previous posts and videos related to this subject, please see also (among many others):