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Adventures in mutual credit

Realising The Credit Commons

Currently the vast majority of complementary currencies are local initiatives. I'm talking about real initiatives with daily trades rather than mere ideas, models, exaggerations non-starters, and dead systems. That means mostly about a few thousand business barter exchanges, LETS and Timebanks, and some others which don't fit those categories.

The Credit Commons: Better than Bitcoin

This is just a few notes about why the Credit Commons design is better than bitcoin. This is not an article and is written for no particular audience, but it could be!

We have to thank Tom Greco for bringing the phrase 'Credit Commons' to our attention. It reminds us that everything which was common is being enclosed, and that the abstract, misunderstood and very simple thing, credit is the most critical to bring about a fairer and more sensible society.

The conflict at the heart of modern money

Published last year in Open Democracy blog

Recent currency innovations like Bitcoin and an economic recovery now dragging into its seventh year have led many people to question what money is - and more importantly, what it should be. Answering this question is fundamental to any attempt to transform society.

Economy of Hours - B2B timebank

Just heard Matthew McStravick today talking about Economy of Hours, his widening of timebanking to include local businesses.

Is gold money?

In 2011 after second deluge of Quantitative Easing in the US, congressman Ron Paul challenged Federal Reserve chairman Ben Bernanke asking him, "Is Gold Money"?

Do you know what money is? Have you noticed that there are competing definitions? How could money have become so pervasive in our minds and relationships without being properly defined? How can we improve the technology of money when we don't even know what it is?

A sociological view of money

In the process of writing and researching for the forthcoming Money and Society MOOC, Jem Bendell and I learned a great deal about the subject we to were teaching. In Lesson 1 in which we investigate the very essense of money Jem introduced me to Georg Simmel's The Philosophy of Money. Simmel was not an economist, but a sociologist, and his understanding of money runs far deeper than any economist I've read.

Ecovillage economy tour: Conclusion

[One condition for my GEN ambassadorship was a writeup at the end of the year. This is it, though I've written up a handful of individual ecovillages previously in this blog]

I've had the honor of spending a several days in several ecovillages, but I didn't manage to write economic profiles of all of them!

A view from Russia

Evgeny Fedorov, from the Russian Parliament, explains what Russian Central Bank's role in the currency war, and then outlines how the USA is planning a coup in Russia.
It is 20 mins of subtitled Russian, so I took notes...

Thanks to Trade with Dave for bringing it to my attention.

So you want to start a LETS?

Is it a good idea to start a LETS in 2014? The brand is 30 years old, and has a track record littered with poor governance, currency collapse, low participation and high turnover. The domesticated hippies of the 80s and caring sharing consumers of the 90s are not the same as the Occupiers and Transitioners of today. The existing LETS projects at least in UK are failing to thrive even in recession. The movement preferred decentralisation over software coordination, and slicker projects emerge every week.

Responsible donorship

Of course I'm jealous. People tell me every other day that my work is important, but much funding flows to demonstrably stupid projects.

I no longer seek funding or material support or even volunteers for my work. I no longer worry about funded projects overtaking mine. I have understood that what I'm doing is antithetical to money, and unlikely to be funded by any reasonable plutocrat or angel. Just as states and banks simply can't see moneyless people, projects which neither beg nor boast are invisible to donors.


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