12 Nov '15, 7pm

"Currency innovation can become one of the mechanisms for institutional reform." - @GrahamJBarnes https://t.co/YMBQZusUvq

Graham, it’s always a pleasure for me to encounter a thoughtful analysis of the money problem. Getting to real solutions requires a practical design: it must avoid the systemic flaws of the mainstream system and exceed that system’s popular utility in at least one key area. Your post begins with this statement: “Mainstream money, largely because of the way it is issued, rented out and (mis)allocated into first use, is a primary driver of inequality, unfairnesses, poor productivity and environmental damage.” I guess that’s not an uncommon position, but it could be that the systemic issues are not captured there. In fact, developmnt of goods and services is driven by demand of developers for money, and that end is served well by currency that can carry value away from places that it destroys in the pursuit of maximum cash. Currencies that have only local value can interupt p...

Full article: http://www.feasta.org/2015/10/16/is-localism-a-sufficient...

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