Mutual Credit

The issue is about how money is created, whether:
1. As debt at compounding interest, or
2. As credit without interest payments draining the money supply

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Commercial currency

Could we consider a “commercial currency”, alongside government currency (notes and coins), bank currency, and perhaps gold and bitcoin?

We propose another current asset type to accommodate settlement of payables/receivables without the need for a line of credit. Let’s call this account “commercial currency”, alongside bank, petty cash, receivables, inventory, and other current assets.

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