Here’s and excellent, short and sweet description of how mutual credit clearing works to provide interest-free liquidity. From Bartercard New Zealand…
The End of Money…
My latest book, The End of Money and the Future of Civilization , can be ordered from Amazon.com , or your local bookstore. You can also read a preview at Google Books.To order signed copies of my previous books, click on the title below:
Money: Understanding and Creating Alternatives to Legal Tender
Beyond Money- How, Then, Shall We Live? — What we might learn from the Amish May 10, 2021I grew up in the 1940s and 50s, a time that I consider to be the Golden Age of prosperity and promise, a time when the middle-class was growing larger and more prosperous and it seemed that things would only … Continue reading →
- There ain’t no such thing as a free lunch: Principles of Credit, Exchange, and Finance April 18, 2021“There ain’t no such thing as a free lunch.” That’s a well-known adage that goes back a long time, but it was popularized by famed economist Milton Friedman and expressed in his 1975 book titled, There’s No Such Thing as … Continue reading →
- My latest interview with Greg Magarshak April 6, 2021This discussion between Thomas H. Greco, Jr. and Intercoin founder Greg Magarshak covers a wide range of topics including the principles of sound currency issuance; mutual credit clearing; proper allocation of credit; the problems of centralized power, depression, and inflation; … Continue reading →
- Moneyless Exchange in One Easy Lesson March 31, 2021When the division of labor has been once thoroughly established, it is but a very small part of a man’s wants which the produce of his own labor can supply. – Adam Smith, Wealth of Nations. We have become so … Continue reading →
- The time is now for a new civilization March 29, 2021In 1997 I produced a monograph titled, The Cooperative Community Commonwealth: A Prospective Outline for a New Socioeconomic Framework. Over the ensuing years I’ve revisited and edited it a few times. It was when written and until now ahead of … Continue reading →
- Truth, Propaganda and the Media March 23, 2021Today I received a link from a correspondent in Ireland that featured this Dilbert cartoon. I think that clearly sums up the the main thing that divides people in today’s pandemic world. There are those who still trust “the system,” … Continue reading →
- Alternative History — What If? March 16, 2021This Power Point slide show presentation was delivered virtually to the Alternative History Festival in Poland in September 2020. It highlights several historical turns as modern civilization has evolved that led to our present predicament and then asks how things … Continue reading →
- Newsletter February 2021 — The Impending Failure of Wikipedia and other news March 1, 2021In this issue: “Artificial Intelligence,” Bots, and Censorship: Why Wikipedia can no longer be trusted Censored on Facebook Consolidating and Preserving my Legacy The Farm Now, for your edification and amusement Read it on my Mailchimp site.
- James Corbett addresses the topic of alternative currencies January 29, 2021In his presentation that was part of The Greater Reset, James Corbett (of the Corbett Report) provided an overview of alternative means of exchange. In it he mentioned community currencies, LETS, trade exchanges, and my book, Money: Understanding and Creating … Continue reading →
- The New Reformation? January 26, 2021The election of Donald Trump was just a symptom of a major shift of civilization. In this essay, Mike Krauss (http://thekrausscommentary.com/) compares it to the Reformation of the sixteenth century. It seems an apt analogy. From Martin Luther to Donald … Continue reading →
- How, Then, Shall We Live? — What we might learn from the Amish May 10, 2021
