Brought to you By ND-Warez.info & WarezPoets.com

92 ON POLITICS, GOVERNMENT, AND PACIFISM
(2) Control of the amount of money in circulation and of the
volume of credit in such a way as to keep the price level steady,
abolishing any monetary standard.
(3) Statutory limitation of prices for such articles as have
been practically withdrawn from free competition by monopo­
Ees or the formation of cartels.
PRODUCTION AND WORK
Answer to a communication. Published in Mein Weltbild,
A ms!erdam: Querido Verlng, 1934.
The fundamental trouble seems to me to be the almost unlimited
freedom of the labor market combined with extraordinary
progress in the methods of production. To satisfy the needs of
the world today nothing like all the available labor is wanted.
The result is unemployment and unhealthy competition among
the workers, both of which reduce purchasing-power and
thereby put the whole economic system intolerably out of gear.
I know Liberal economists maintain that every economy in
labor is counterbalanced by an increase in demand. But, to begin
with, I don't believe that; and even if it were true, the abovementioned
factors would always operate to force the standard
of living of a large portion of the human race down to an unnaturally
low level.
I also share your conviction that steps absolutely must be
taken to make it possible and necessary for the younger people
to take part in the productive process. Further, that the older
people ought to be excluded from certain sorts of work (which
I call "unqualified" work), receiving instead a certain income,
as having by that time done enough work of a kind accepted by
society as productive.
I, too, am in favor of abolishing large cities, but not of settling
people of a particular type, e.g., old people, in particular towns.
Frankly, the idea strikes me as horrible.
I am also of the opinion that fluctuations in the value of
money must be avoided, by substituting for the gold standard.