06 Sep '11, 9am

Why we urgently need more currencies | David Boyle

Why we urgently need more currencies | David Boyle

Innovation in economics is what nef is all about. So it is good to hear of some radical and creative proposals for parallel currencies in the world of top-level economics. Tweet One of the most creative of the new economics pioneers is the Australian maverick Shann Turnbull . It was Shann, a former corporate raider and holder of the round Australia flying record, who developed the ideas of Bob Swann about kilowatt hour currencies and community land trusts in the 1980s. It was Shann who developed the idea of corporate investments that expire. His latest idea builds on some of the proposals that nef has also been working with about the optimum size of currencies, aware that huge currencies like the euro – if they are all that is available – can cause extremes of wealth and poverty, and consequently huge debts. The idea that every nation, or even every continent, should have ...

Full article: http://www.neweconomics.org/blog/2011/09/06/why-we-urgent...

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