An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
These Austrian cranks are starting to become a threat to the public good.
Yeah, Dan! Hopefully, they will stay in Aberdeen and away from anywhere that they might do any REAL damage.
Hardly Austrian crankiness. Barter exchanges have been is existence for a long time in the US. The reason most don't know about them is that they are chiefly B2B instead of P2P. Many of my friends with businesses use them.
This is actually quite consistent with MMT, as I explained in this presentation, FYI. http://prezi.com/bhibxs1xfwbj/community-currencies-a-general-view/
The sophistication of local currencies is expanding. The Principled Societies Project is developing complete local monetary/financial systems. See the animated video for more information: https://www.youtube.com/watch?v=xGmKcS5PbDEJohn Boik
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