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Money and Sustainability

Bernard Lietaer: Our money system IS the ‘Missing Link’. We tend to assume that we must have a single, monopolistic currency, funded through bank debt, enforced by a central bank. But we don’t need any such thing! In fact, the present system is outdated, brittle and unfit for purpose (witness the eurozone crisis). Like anyContinue reading “Money and Sustainability”

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Une monnaie libre

Qui possède de la monnaie a une créance sur l’économie : il est en droit d’exiger des autres des valeurs économiques en échange de ses signes monétaires. Qui ne possède pas ou peu d’unités d’une certaine monnaie, mais se voit intimé d’en avoir, que ce soit l’impôt (pouvoir libératoire) ou, par voie de conséquence, parce queContinue reading “Une monnaie libre”

Financing a mill

Once upon a time an entrepreneur envisaged a watermill in a village with all the resources and skills to construct one. The mill’s construction drew on forests and quarries for raw materials, and on carpenters and masons for skills, stimulating demand and thus economic activity. Once the mill was completed, the village could reduce costs ofContinue reading “Financing a mill”