COVID

The current monetary easing is deeply indebting nations to banks, leading to :
1. Hyperinflation (MMT),
2. Dispossession (Banks),
3. Totalitarianism (CBDC),
4. Stagnation (Austrian),
5. Communism (Marx), or
6. Fascism (government by corporation).

TYPES OF MONEY

1. Bank money is debt issued by private corporations at interest, leading to shortages, defaults, and dispossession (asset stripping) of governments, corporations, and individuals.

2. Government control of money leads to hyperinflation and totalitarianism.

3. Central bank digital currency (or treasury digital currency) would control our lives completely, who can buy what, and even starve anyone.

4. Gold standard/Austrian (or Bitcoin), in an attempt to stop inflation, chokes the economy through scarcity and hoarding.

5. Crypto-currencies, local currencies, LETS’s, Time Banks, gold coins, etc., all require debt (bank) money first, in order to purchase them.

PROPOSAL

We propose private money that provides adequate money for economic activity without interest, either:

1. Digital cash, emulating notes and coins, thus anonymous and interest free; created as work is done. The challenge to adoption is trust.

2. Mutual credit also supplies money for economic activity without interest, but in order to establish trust it cannot be anonymous, but rather private, between trading partners (as is typical of business anyway).

Private money does not constrain the economy, meaning that full employment becomes the capacity of the economy, freeing people and corporations from destructive competition for finance charges (interest), to focus on caring for each other, maintaining the planet, and fulfilling career choices.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Create your website at WordPress.com
Get started
%d bloggers like this: