Recent Articles

Monetary alchemy: how to turn bad money into good
In this article, I describe how fiat money can be transmuted into a truly effective and scalable community currency, while at the same time providing a way to finance community improvement projects like affordable housing. Key features that distinguish my design from other “fiat backed” currencies that have been tried before are (1) the limitations placed on cash redemption, and (2) the requirement that the community currency be issued as loans to businesses based on the amount of needed and desired goods and services they have available for immediate sale. You can read the full article here.

Liquidity and Monetization
This monograph defines key terms in the design and issuance of exchange media.

Confronting the Power Elite
The world today is controlled by a small elite group that has been increasingly concentrating power and wealth in their own hands. How has that come about? How can power be decentralized and dispersed more broadly to enable people to live in peace and freedom?
Read the full article here. The PDF file can be downloaded here.
This article was also published in the web journal, Transformation. Another version of the article can be found on the Global Research website.

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 here.

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.

Money, debt and the end of the growth imperative, was published  March 3, 2014 in the online journal, Transformation. You can also read it 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.

3 responses to “Recent Articles

  1. Harry Pollard

    On a personal note, are you the son of Georgist Tom Greco whom I knew umpteen years ago? One of the points I push is the need to concentrate on the remaining function of money – the measure of value (“store” and “exchange” are no longer important). I suggest relating currency to the market price of gold while the only job of government is to ensure the maintenance of a constant relationship – no inflation or deflation. You obviously have gone more deeply into the subject and I’ll be interested in reading your material.

    Send your personal E-Mail to me and I’ll put you on my personal mailing list where you can discuss with a bunch of Georgists and land value taxers (not necessarily the same thing!

    • Hi Harry, I AM the Tom Greco you knew umpteen years ago; still at it.
      I’ve been writing for more than a quarter century about the supposed functions of money and the fact that they are naturally separate from one another. You can read about that in my fist book, Money and Debt…; free download at

      • Great! The ‘Jr’ threw me. I couldn’t remember whether you appended that in the past. Anyway, at 92 I expect usually to be dealing with progeny. Glad you are still making waves. I’ll read your website with interest. Harry

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