COVID

The monetary response to COVID has to help people of course, but how can we understand Mutual Credit in context?

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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 of

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