ABSTRACT
Let us draw some swift inferences from the imaginary scene described in chapter 3. First, every job has a credit-rate, defined as the rate at which an hour of work at that job creates consumer credit for the worker—what we would think of as its rate of pay. It is also, as we will see, the rate at which production costs are generated for the employer and the rate at which money is generated for the economy; for the three are simply different sides of the same three-sided job-market “coin.”
