Tag Archives: National Productive Output

The economics of Fiat Money proves hearty for Governments, Banks and Financial Markets (for a time), but for regular folks it’s a perpetual blood-letting. Free (Fiat) money is fine and can be made to work, but only so long as its notional/nominal value-in-circulation is attached to some reliable unit. A perfect base for this would be NPO (National Productive Output) which would include domestic agricultural output, domestic construction (at cost), mineral output, oil & gas, raw material, export finished component output, finished factory output and twenty percent of “soft” industry output (e.g., design, IT, product development and financial serves).  Read more...