Once upon a time there was a skilled carpenter who had a reputation for reliability and magnificent furniture for homes and businesses. Over the years he built up a well-equipped workshop, with an adequate warehouse full of selected materials alongside. One morning he was working on an order to outfit a new store, when heContinue reading “Short of Inches”
Ryan Fugger: The Ripple service allows payments between interconnected friends and businesses. Normally, if your friend Alice owed you $10, she would have to pay you back before you could make any use of that debt. If you were creative, however, you might be able to pass the debt on to someone else who knewContinue reading “Network of Trust”
Margrit Kennedy: Money is one of humankind’s most ingenious inventions – and also one of its most dangerous. Interest and Inflation Free Money offers a clear, simple explanation of how financial policies shape the global markets – and how interest wrecks cultures, ecosystems, and economic systems. In particular, it reveals the hidden flaws in ourContinue reading “Interest- and Inflation-free money”
Thomas H. Greco, Jr: Demystifying Money and Liberating Exchange Thomas H. Greco, Jr. is a preeminent scholar, author, educator, and community economist, who, for more than 35 years, has been working at the leading edge of transformational restructuring. He is widely regarded as a leading authority on moneyless exchange systems, community currencies, financial innovation, andContinue reading “Beyond Money”
Richard A. Werner: This paper presents the first empirical evidence in the history of banking on the question of whether banks can create money out of nothing. Three hypotheses are recognised in the literature. According to the financial intermediation theory of banking, banks are merely intermediaries like other non-bank financial institutions, collecting deposits that are thenContinue reading “Can banks create money out of nothing”
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 In fact, the present system is outdated, brittle and unfit for purpose (witness the eurozone crisis).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”
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”
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”
1. Banking Banking is about compound interest on debt (call it money if you like). This money is created out of nothing by private corporations (call them banx if you like) by means of nothing but bookkeeping. This is not someone else’s savings, or gold in the safe as commonly promoted (despite central banks documentationContinue reading “We are being preyed upon”
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