http://beyondmoney.net/2007/08/06/credit-clearing-pure-and-simple/ Devoted to the liberation of money and credit, and the restoration of the commons Mon, 30 Jan 2012 19:34:09 +0000 hourly 1 http://wordpress.com/ http://beyondmoney.net/2007/08/06/credit-clearing-pure-and-simple/#comment-3703 Sun, 28 Mar 2010 15:33:56 +0000 http://beyondmoney.wordpress.com/2007/08/06/credit-clearing-pure-and-simple/#comment-3703 A participant in a credit clearing system is required to reciprocate by selling to others in the system, in other words, to redeem his debits. The usual guarantees can be used to assure that. The greatest incentive, however, is the desire to continue to have the privilege of cashless trading within the system.

]]> http://beyondmoney.net/2007/08/06/credit-clearing-pure-and-simple/#comment-3695 Sun, 28 Mar 2010 09:32:42 +0000 http://beyondmoney.wordpress.com/2007/08/06/credit-clearing-pure-and-simple/#comment-3695 I do understand the artificiality of charging interest for lending money. However, in a credit clearing system what is the incentive for lenders (debitors) to repay debt? Asked differently: What are the laws or mechanisms behind the system guarantee its functioning?

]]> http://beyondmoney.net/2007/08/06/credit-clearing-pure-and-simple/#comment-331 Thu, 09 Aug 2007 00:10:47 +0000 http://beyondmoney.wordpress.com/2007/08/06/credit-clearing-pure-and-simple/#comment-331 Tom, i would enjoy seeing your response to a question regarding community currency posted by Greg Mankiw on his blog: http://gregmankiw.blogspot.com/2007/06/berkshares.html

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