Menu

Summary of Lietaert's "Future of Money" mon

0 votes

Lietaer co-founded one of the most successful currency management firms, GaiaCorp http://www.lietaer.com/

newly published book, *"New Money for a New World"

  • Permaculture of money:  move away from single currency monocultures (boom and bust cycles), to multiple and diverse systems of exchange.  When one exchange
    system goes down, another one is in place for welcome stability, with a
    resilience and diversity that mimics natural ecosystems.
  • Money is like an iron ring we've put through our noses. We've
    forgotten that we designed it, and it is now leading us around
  • money should work for us, not the other way around (not created by Nature, but by us)
  • we absolutely have the ability to redesign money for a more abundant and
    sustainable future
  • scarcity doesn't need to be a guiding principle of our economic system.
  • e Brazilian Saber, a small tax on cell phone usage is used to create "sabers"
    officially redeemable for teaching other students or tuition payments,
    thereby creating a "learning chain and learning multiplier" effect.
  • University of Missouri Buckaroos; students can earn while performing community service activities.
  • "National currency is cold and selfish by itself. So let's create community currencies with which we can warm up our communities."  ~Tsutomu Hotta  Supreme Court Judge in Japan, Founder of the Japanese "Fureai Kippu" currencies

Creating Wealth; Growing Local Economies with Local Currencies

Raw notes on "Future of Money":

  • money is an equal marriage contract between assets and liabilities
  • money can only be an asset if it is someon else's liability
  • money and debt are literally different sides of the same coin:
  • if government repaid its debt, the corresponding money would vanish
  • Since babylonian times, banks used consumer savings to finance industry and commerce; 
  • Now banks loan mainly to consumers and financial speculations
  • only 1-2% of bank loans are for production of goods and services (GDP)
  • Money is not a good store of value (only for short term) due to inflation

Linton's "Open Money":

  • read http://transaction.net
  • "complimentary" currencies NOT "alternative" currencies
  • all networks (of any sort) need to balance efficiency with resilience
  • complimentary currencies today are like opensource + microfinancing 10 yrs ago
  • money always flows in opposite direction to goods and services
  • permaculture principle #2: keep flow of money in local community
  • take Gift economy and force it in a loop to keep flow of wealth going
  • Open Money is excellent support for Tribes
  • lesson learned: avoid the use of term "local"
  • true cost of transaction is 25 cents 

 

asked in Economy by (2.4k points)
edited by

Your answer

Your name to display (optional):
Privacy: Your email address will only be used for sending these notifications.
 | Minimalist Answer Theme by Digitizor Media
Powered by Question2Answer
...