Local Currencies—what works; what doesn’t?
The past thirty years have seen the emergence of a great many local and community currencies, which it was hoped would enhance community resilience and self-reliance. But the results have been less than spectacular. This article explains why, and argues that the key to a currencies success lies in its “basis of issue.” The PDF file can be downloaded here.
How to Bring Liquidity Into an Economy, Free of Interest, Inflation, and Boom and Bust Cycles. This article describes how the value of local production can be monetized in the form of circulating private currencies and trade credits created within associations of buyers and sellers.
Solar Dollars – a way to promote renewable energy, while supporting the local economy and providing interest-free financing for utility companies. This article describes how to issue and circulate of a sound private currency, in this case based on renewable energy, but the same model could be applied on the basis of any product or service that is in everyday demand.
A German language version can be found at http://wp.me/a43RA-Kf.
50 Ways to Leave the Euro: Greece and the Global Crisis. In this article, published in Common Dreams on November 6, 2015, I provide my prescriptions for how Greece (and other countries) might relieve their impossible debt burden, and describe ways in which domestic liquidity can be created without inflation. The PDF file can be downloaded here.
People-Centered Adjustment: Transcending the Debt Crisis and Creating a Future of Abundance, Freedom, and Global Harmony, is an original essay published in the issue Anarchy & Nonprofit: An Emerging Affair of the Spanda Journal (Vol. 4, No. 1, 2013), an open-access journal which you can download for free here.
Taking Moneyless Exchange to Scale: Measuring and Maintaining the Health of a Credit Clearing System. The focus of this article is on credit clearing as a local moneyless exchange option, and deals specifically with the proper allocation of credit within credit clearing exchanges. It was published in the International Journal of Community Currency Research (IJCCR) in April, 2013. Tiny url.
Reclaiming the Credit Commons: Toward a Butterfly Society. This is a chapter in the anthology, The Wealth of the Commons: A World Beyond Market and State, published by Levellers Press in 2012.
Currencies of transition: Transforming money to unleash
sustainability. This is a chapter in the anthology, The Necessary Transition: The Journey towards the Sustainable Enterprise Economy, co-authored with Prof. Jem Bendell of Cumbria University, and published by Greenleaf Publishing Ltd. in June, 2013.
The End of Money: Take Power Back From the Money and Banking Monopoly. This article, published in Alternet on July 27, 2009, descries decentralized free-market and community-based initiatives that enable people to transcend the money monopoly, and argues that “the Greenback solution” is a dead end.
How Bad Will the Economy Get? Really, Really Bad. Historically, every financial and economic crisis has been used to further centralize power and concentrate wealth. This one is no different. This article was published in Alternet, July 13, 2009.