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Food and the Purpose of Money

Touch the Soil News #640 What is the purpose of money? Recently over 140 civil groups in the European Union have called for dramatic reform of food and farming. The groups have sent an open letter to EU leaders who are meeting to discuss the future of food and farming in the European Union. The claim of the 140 signatories to the letter are quite direct: European Union Farm policies (which include farm subsidies) are working for the interests of a few to the detriment of the majority of people, farmers and the planet. The 140 civil groups are requesting: Creating fair and diverse farm economies along with fair incomes…

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The Economy – Does It Need To Circulate Dollars Differently?

Touch the Soil News #566 Boasting of new job growth, the Bureau of Labor Statistics just reported that on average, there were 180,000 new jobs every month in 2016. If that course continues for December, America will achieve 2,160,000 new jobs in 2016. The problem is that the announcement of 180,000 new jobs every month is absent any perspective. Given that the U.S. population has been growing by around 200,000 every month for the past 10 years, the job growth number falls materially short not only of keeping up, but bringing back the millions of jobs lost in the 2008 financial crisis. Recent news about the restaurant industry is that…

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