“The crux of the argument of the book is that local currencies have far greater velocity or turnover than national currencies.”P2P Foundation
Book of the Day: Rethinking Money
hartsellml
hartsellml
“The crux of the argument of the book is that local currencies have far greater velocity or turnover than national currencies.”P2P Foundation
1 comment:
It seems to me the "..slight demurrage.." (programmed loss of currency value over a period) mentioned is a far more telling characteristic than merely 'local'.
In fact, one wonders if the regular adjusting of a demurrage rate could not itself be a very useful tool in stabilising demand/resource use at a consistently near full capacity level?
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