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Promote and research the development of local, complementary currencies to supplement economic activity from the bottom up, allowing communities to create value, and minimizing dependence on centrally directed and centrally biased fiscal policy. Reduce the burden on centrally issued currency to fulfill all the nation's transaction requirements, and reduce the influence of extraneous Wall Street speculation on Main Street activity.
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Interesting stuff. I'm wondering if what seems like an obvious argument against, that you'd end up reducing the total flow of cash because we'd have a small variety of things to spend it on, might not be as much of a factor in the future if we couple it with getting people to really develop a taste for local products -- whether that's nearby tomatoes, neighbor-made crafts...
Posted by Nancy Scola on 12/03/2008 @ 12:56PM PST
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Agreed. I submitted a similar idea: "establish a research center on money".
http://www.change.org/ideas/view/establish_a_research_center_on_money
Posted by Guillaume Lebleu on 12/03/2008 @ 05:41PM PST
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Excellent idea, Douglas. BTW, big fan of yours.
I especially appreciate how this idea gets to the root of major issues in America -- the unconsitutitional printing of currency by the Federal Reserve -- but in a way that is acceptable to the change.org editors. Apparently they don't appreciate calls to end the Federal Reserve because -- regardless of Web2.0 democracy -- such ideas "will not be seriously considered by the administration or the 111th Congress regardless of the intensity of our lobbying effort."
Here's to a solution that people can appreciate.
Posted by Robert Vann on 12/04/2008 @ 09:35AM PST
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"Apparently they don't appreciate calls to end the Federal Reserve because such ideas 'will not be seriously considered by the administration or the 111th Congress regardless of the intensity of our lobbying effort'."
What a lot of crap! END THE FED!!!
http://www.endthefed.us/why.php
Btw, I like this idea, but do we really need the federal gov't spending yet more fiat money to promote and research the development of local, complementary currencies? CC's are already being used in many communities.
http://www.transaction.net/money/community/'
Just posing the question.
Posted by Gary Denese on 12/04/2008 @ 04:12PM PST
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A local currency that's...well, lasting, at leasthttp://www.berkshares.org/
Posted by Jameson Brown on 12/04/2008 @ 08:48PM PST
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I voted for it.
I have a proposal for a renewable-energy-backed P2P currency for off-the-grid communities.
See summary and vote here:
http://www.change.org/ideas/view/renewable-energy-backed_p2p_currency
Full paper at:
http://p2pfoundation.net/P2P_Social_Currency_Model
Posted by Marc Fawzi on 12/05/2008 @ 12:10PM PST
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Hey Micheal, I watched you on Larry King, about the bailout for the auto company. I agree with what you said about how they have been operating, but I disagree with the bailout for any companies..I disagreed with all of it from the beginning, because I don't want to pay for it, for anyone. It is unconstitutional, and wrong . The companies will eventually just need more, they would probably work thier way out of this if they spent some time to figure it out, instead of wasting time asking for money, from (the uninted states citizens) which is really what it comes down to. I didn't like what you said about the govnt. taking control..please no more govn't control..think about that for a minute or two. I voted for Obama, but I have began to lose respect for him ( and most of the democrats) because they went along with this bailout, I thought they would have more guts than that. This is no change.. we are all just reduced to being tax payers . by the way I couldn't afford a new car if they get bailed out anyway (catch 22) Thanks for letting me vent, Rebecca
Posted by Rebecca Stine on 12/06/2008 @ 11:16PM PST
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Michael who?
Posted by Gary Denese on 12/07/2008 @ 03:09PM PST
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Local currencies are only necessary when the national currency fails, as it has and has been doing for the past 40 or 50 years.
Commodity money is the only money that really works. Commodity money is what money actually is. There's no way around it, when you come to realize how money works. Money must be a store of value, and a measure of value. It must have a cost of production, or it cannot be a measure of value because it is not comparable to other goods and services that also have a cost of production. That's why a mere certificate with a value bearing no relationship to that certificate's cost of production can never serve as money. If I print $5 on a certificate, but it only costs me 10 cents to produce it, it will not serve as money. It will eventually be revalued downward to its market value. If it is, however, a warehouse receipt for a real commodity, then it is a legal document of ownership, and constitutes commodity money. Our ancestors used such things as tobacco as legal tender. That is stable money. Gold or silver work very well. Once you depart from that, you are moving into quicksand, which is where we find ourselves.
Posted by Peter Duveen on 12/13/2008 @ 03:31PM PST
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ALTERNATIVE ENERGY CONCEPTS ties into the money supply.
VIDEO on "Alternative Energy"
The VIDEO is on this website (number 3 & 4 in series and the last three of the series of 12 talk about the money supply)
Video on change.org website--> http://globalwarming.change.org/videos/view/alternative_energy_environmental_science_money
ALTERNATIVE ENERGY & Money
YouTube http://www.youtube.com/watch?v=p0gmFo_qQaE
Posted by Texas Thommy on 12/18/2008 @ 04:07PM PST
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We're having a meeting on the subject of developing a local currency for Greater DC on January 6, 7-9 pm, at Emergence Creative Arts Collective, 733 Euclid Street NW, Washington DC 20001.
http://ecolocity.ning.com/events/first-tuesday-discussion
This meeting will feature Nick Williams of Anacostia Hours and, to be confirmed, Dr Edgar Cahn, originator of time banking, with representatives of Time Banks. Anyone in DC with economic, financial, accounting and commercial experience, and those familiar with local currencies and trading systems are encouraged to attend and be part of a Task Force to design and implement a DC Regional Exchange.
Posted by Larry Chang on 12/31/2008 @ 01:40PM PST
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