The extra week is simply called the extra week, and Henry is joined by Johns Hopkins economist Steve Hanke. Their rhetoric is bottom-line as well as common-sense.
The Hanke-Henry calendar would streamline financial operations, they write in an article republished by the libertarian Cato Institute, because Gregorian calendar anomalies make a muddle of interest-calculating conventions. Sunday-only Christmas and New Year’s holidays would also eliminate their mid-week appearances and “get rid of this zoo we’re in right now, when the whole economy collapses for two weeks,” Henry said.
Not satisfied with conquering calendrical irrationality, Henry and Hanke take on timekeeping, too. “The time in Australia is the same as it is for us, but their clocks are set different,” Henry said. “We’re just saying, ‘Set your clocks to the same time, because it is the same time.’” All the world’s clocks would be set to Universal Time, or Greenwich Mean Time as it’s generally known. Time zones would be abolished, as would Daylight Saving Time, of which Henry is especially not fond.
The full article is here, courtesy of Brent Depperschmidt. You will note that Hanke is also a major advocate of currency boards, see the connection?