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Adventures in mutual credit

Efficiency and sufficiency

For want of a nail the shoe was lost.
For want of a shoe the horse was lost.
For want of a horse the rider was lost.
For want of a rider the battle was lost.
For want of a battle the kingdom was lost.
And all for the want of a horseshoe nail.

We've all had the experience of skipping some routine expense to save a bit of cash, and then everything being ruined - at a much greater cost. The poverty trap could be defined as not being able to scrape together a penny in order to save a pound. And this is a dilemma I grapple with all the time.

Owners of capital will estimulate the working classes...

Picked this image from a slide in a talk by Dyndy

Jaromil from Dyndy also says:
"Designing the way wealth is circulated is the most rational and honest way to empower margins and redistribute wealth"

Here's' the talk

Turning point

Pursonal Purview

It's three years since I decided that the end of this civilization was upon us and I started to write Christmas roundrobins warning about global financial meltdown and urging my friends to build lifeboats. For three years I've been working (almost) every hour to develop open source community accounting software and grow a community of users, and inform the public. I put my cash into metals, and invested all my energy to build social capital, which some people think will be more useful than money in the future.

Mutual Credit v3: Field API and Stats

It has been too long.
Today alpha2 is ready.

It takes a whole community to live without money.

As a monetary activist, I shun state-sanctioned-commercial-debt money (like the US dollar or Euro) as much as possible. Generally, individual actors making economic protests against state-sanctioned money are little more effective than fish protesting the water. That's because money and the economy are functions of community, and it is only in partnership with their communities that the politically disenfranchised ninety nine per cent can claim back their lives from wage slavery and the permanent shortage of employment.

Mutual Credit v3: Architecture


It is a mostly platform-agnostic description of the architecture and API for the Mutual Credit module for Drupal. It is of interest to drupal site builders and developers, as well as prospective users wondering how powerful this module is.

Mutual Credit v3: Alpha1

Alpha is ready
Next I'm putting some time into Community Forge

Jean-Francois Noubel

Although Jean-Francois Noubel has lived in US and is fluent in English, his energies are directed towards his home country France, where he lives and works. He occupies an ideological niche far outside the realm of conventional economics or monetary theory, working closely with Art Brock and Eric Harris-Braun of 'Metacurrency' fame. The thrust of his teaching is that if society is to organise itself appropriately we need to better understand collective intelligence.

NESTA CC event

NESTA is working with the Cabinet Office to explore how social services can be provided out of community resources, rather than from central government funds which have been appropriated by the financial industry. NESTA is interested in supporting timebanking, complementary currencies and various newer ideas around the sharing economy, seeing them as platforms for civic engagement and reciprocity in civil society.

Mutual Credit v3: Views

Users have been asking for more and better statistical aggregation of transactions, but have been unable to articulate what that would look like, so I decided to concentrate on exposing everything to views, so that use can be made of exposed filters, the new GROUP BY utility, and the theme layer.

I set out to ensure that the following analysis was available to user 1, preferably in views.


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