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Excellent article. Wealth can be well measured by the ability to command labor, a unit of wealth is a credit on another man’s hours. What does it mean then when national wealth is over 100% GDP (as it always is), and there are more credits then there are hours available in a year? How are these credits held over time, and what is the nature of their generation? Too many credits (1000% GDP in national wealth) and the system becomes too gummed up, too little and there is not enough to keep economic activity going?

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