Design rule for currency designers: 'Black Velvet is a good way of ruining Guinness'

The Lot of the Currency Designer | Feasta

feasta.org 13 Dec '12, 4pm

Design rule for currency designers: 'Black Velvet is a good way of ruining Guinness'

Couple thoughts which you have most likely already thought: Knapp’s State Theory of Money … “taxes drive money” … i.e., could you create demand for the currency, its use, and its “directioning”, if an administrative tax was placed on the currency and users needed the currency to pay for their dealings in the industry (“directioning”) of the Sovereign/declarer? [apologies for "directioning" there] Minsky’s “anyone can create money, an IOU, the hard part is getting it accepted” … maybe services could be provided by users of the currency to other Sovereigns and an exchange could be possible … this would merely facilitate transactions in the new designer currency … and allow for goods and services with another currency say of a country. I do agree convertibility and BoP considerations and that they should be very carefully controlled. Might “design” a currency specifically for...

Full article: http://www.feasta.org/2012/07/23/the-lot-of-the-currency-...

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@mauricespecht » 13 Dec '12, 4pm
@lucmanders "@johnthackara: How (and why) alternative currencies can be designed [link]"
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RT @johnthackara: Design rule for currency designers: 'Black Velvet is a good way of ruining Guinness' [link]
@johnthackara » 13 Dec '12, 4pm
Design rule for currency designers: 'Black Velvet is a good way of ruining Guinness' [link]
@johnthackara » 13 Dec '12, 4pm
How (and why) alternative currencies can be designed [link]
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RT @johnthackara: Design rule for currency designers: 'Black Velvet is a good way of ruining Guinness' [link]
@thoronar » 13 Dec '12, 5pm
RT @johnthackara: How (and why) alternative currencies can be designed [link]