This conversation, sponsored by the Praxis Peace Institute, is Episode 8 in our podcast series. It was recorded on April 10, 2020 and covers such critical questions as:
What is the essence of money?
What are the functions of money?
Where does money come from?
How does money enter the economy?
Who controls the issuance and flow of money?
Why does total debt in the world keep growing?
Is the system of money, banking, and finance stable, fair, sustainable?
Are there better ways to “do” money?
Why have local currencies not been more successful?
Are there any success stories?
Is there a “magic formula” for making an alternative money system work?
It continues with a discussion of the history of local currency efforts in Sonoma County, California and a description of straight forward approaches to creating local liquidity that is independent of banks and conventional money.
As I’ve been saying for some time, civilization is at a major turning point. Many things need to change if we are to have the kind of world we want to live in. To make the transition gracefully, I think new structures need to be built from the bottom upward, community by community.
One of the most promising projects that is currently underway is Sonoma County GoLocal. In a recent communication, Prof. Philip Beard has provided this update.
As most of you know, I’ve been involved for the past several years in the Sonoma County GoLocal Cooperative, our regional localization initiative. The Coop’s development has been rapid and impressive. (If you like, check out our website: http://sonomacounty.golocal.coop/.) But like everybody else, we need money. I’ve applied to the Ashoka Foundation in Washington DC for one of the five $50k grants they are awarding under the rubric Powering Economic Opportunity: Create A World That Works.
I’m writing to ask your assistance with this application, if you’ve got a few spare moments. Ashoka suggests that applicants’ chances will improve if supporters go to the project website, read the application, and post their comments. If you’re interested, here’s the link that will get you to my page: http://www.changemakers.com/node/103467. My project summary will show on that page; to read the various segments of the proposal, you’ll need to hit the “read more” buttons.
Apparently you need to “log in” with Ashoka to leave comments, as you’ll find out if you hit the “discuss” and even just the “like” button. I apologize for this inconvenience, and will be doubly grateful if you decide to brave it out.
The judges start vetting the proposals on July 20, so if you want to post a comment it’ll have to be before then.
I’m urging everyone to get behind this project in whatever way you can. I have great confidence that Sonoma County GoLocal has the potential to become the kind of optimal model needed to inspire other communities and lead them onto the right path toward achieving economic democracy.–t.h.g.
It should be clear by now that there are many aspects of our present civilization that are neither just and equitable nor sustainable. But in the midst of the deepening global mega-crisis we have the opportunity to re-imagine and reinvent the … Continue reading →
In this isssue I describe what private currency vouchers are and how they can help solve the money problem that I’ve been writing about for the past 35 years. Here’s the full table of contents: You can read the entire … Continue reading →
Unlike, government and central bank fiat currencies which promise nothing but their acceptance as tax payments, private currency vouchers promise to be redeemed for real valuable goods and services. If the issuer is trustworthy and can be counted on to … Continue reading →
Last year (2021) I gave a three part webinar presentation for The Henry George School of Social Science. In case you missed it, here is the description and the link to the recorded sessions. For each part you will find … Continue reading →
Whether one likes it or not, the end of money as we’ve known it is at hand. From a more or less conventional perspective it may look something like what David G.W. Birch describes in his Forbes article, Payments In … Continue reading →
In this issue: The Legacy and Vision of Dee Hock (b. March 21, 1929 – d. July 16, 2022) I had occasion to meet Dee Hock in September of 1995 when we were both invited to participate in the first … Continue reading →
I’m a little late in posting this here, but if you didn’t see it when I first sent it out, I think you will find it interesting and useful. 2022 June Newsletter ― Reconnecting the Monetary Economy to the Real … Continue reading →
During 2019 and 2020 we recorded a series of ten podcast interviews with leading experts and social entrepreneurs who have been working on developing and implementing improved means of exchange aimed at making the economy more equitable and ecologically sustainable. … Continue reading →
One of my most popular posts has been, There once was a river …an allegorical tale of money and credit, in which I’ve tried to show how we have all become slaves to money and those who control money. Using … Continue reading →
This little vignette written by Don Werkheiser remains one of the best concise explanations of inflation I’ve ever seen. It was published in the spring 1982 edition of Green Revolution, the journal of the School of Living a non-profit organization … Continue reading →