Chapter Six — Fundamental Infrastructures: Money [This is the ninth installment in my serialization of my book-in-progress, tentatively titled Desktop Regulatory State] , and the first of two installments on Chapter Six. Since this is a draft manuscript, it contains placeholders for additional material. Because I have split some chapters into multiple new ones since… Continue reading
Searched for "positive money"
Towards a money for the common(s): a conference report
Reprinted, almost in full, from Effimera: “Here is the report of the workshop on ““Alternative Money and Financial Institutions of the Commons”. This is the 3rd meeting on the the proposal of a Money of the Common, after London, Amsterdam and Stuttgart. The first organized in Italy by Effimera with the collaboration of Macao. A… Continue reading
The Role of Money in a Civic Provisioning Economy
A contribution by Marvin Brown: “An Economics of Provision begins with an assumption that the purpose of the economy is to provide people with the provisions they need for a good life. A “civic” economics of provision proposes that citizens—members of the civic—should work together in designing such systems. Several are now advancing the idea… Continue reading
Can we talk about enviromental sustainability within our current money system?
Extracted from Andrew Jackon’s and Ben Dyson’s book, Modernising Money. The authors analyse the current situation: Money created as interest-bearing debt will always necessitate more growth, at the expense of our rapidly decaying living systems. There are, however, plenty of solutions being put forward to end this vicious cycle of destruction. “The current monetary system… Continue reading
Money, Market, Value and the Commons
Here is a video of a conversation that took place at the edges of the Economics and the Commons Conference in Berlin in May 2013. The participants are Gwendolyn Hallsmith, city planning director in Vermont and author of “Creating Wealth”, Pat Conaty, a research fellow of the New Economics Foundation in London, Anne Snick, who… Continue reading
Can Bytes Save the Future? The Money Value Delusion
by Terje Bongard King Midas got his highest wish granted: All he touched turned to gold. Here seen with his golden daughter. He starved to death shortly after. On behalf of us all, investors make the same mistake as King Midas did. Human behavioural ecology knows why this paradox exists. Would it help if everybody knew?… Continue reading
Publicly created money instead of debt-created money
A very long but interesting lecture by the author of a classic book on monetary history, which will be our book of the day in 2-3 days: * Speech: THE LOST SCIENCE OF MONEY & MONETARY JUSTICE USING PUBLICLY CREATED MONEY TO FUND PUBLIC PROJECTS TALK AT THE HOUSE OF LORDS; London May 4, 2004… Continue reading
Money is not a commodity (4): a report from Spain
Excerpted from MATT MOFFETT and ILAN BRAT: “Ms. Martín, who doesn’t own a car and can’t afford taxis, has relied on other time-bank members to give her lifts around town for her odd jobs and errands, as well as to help with house repairs. In return, she has cared for members’ elderly relatives, organized children’s… Continue reading
Money is not a commodity (2): Why Keynes favoured Clearing Unions
Excerpted from Luigi Doria and Luca Fantacci: “To overcome the “fetish of liquidity”, Keynes advocates a monetary reform, based on a radically different conception of money, understood as a mere intermediary, which passes from hand to hand, is received and dispensed, and disappears, when its work is done, from the sum of a nation’s wealth…. Continue reading
Argument: why money can’t be a commodity
The notion that money is an object of intrinsic value is a scientific and mathematic absurdity. Money is a logical entity not a physical one, it is nothing more than a record of value and therefore is not in and of itself a precursor to the creation of wealth nor is it subject to being… Continue reading
IMF research paper backs away from private creation of money supply
privately controlled money creation has much more problematic consequences than government money creation The following is not trivial as it may signal the beginning of a shift in the heart of the key institutions supporting the neoliberal model. As reported by Positive Money: “We’ve been in a state of mild shock since Saturday, after discovering… Continue reading
Micheal Linton on Open Money
Source: Extraenvironmentalist “In Extraenvironmentalist #45 we speak to Michael Linton, developer of LETS and the Community Way currency system about how to open up our money to emphasize positive aspects of human nature . Michael describes how local currencies can help to overcome the feeling of scarcity imposed by a centralized national currency. We ask Michael… Continue reading
Ben Dyson on Positive Monetary Reform
“I popped over to the PositiveMoney.org HQ this week, to talk to Ben Dyson about their monetary reform campaign. They are seeking to wrest the power of money creation away from the banks, and put it under democratic control – no more of that debt based money please! We talk about the origins of our… Continue reading
Where does Money come From (2): exposing common myths about money
Excerpted from Mira Tekelova’s review of the Positive Money conference. “Josh Ryan Collins one of the co-authors of “Where does Money come From?” along with Tony Greenham, Prof Richard Werner and Positive Money’s Andrew Jackson, spoke enthusiastically and clearly on “Why there is so much ignorance about how the monetary system works.” Josh is clearly… Continue reading
Where does Money come From (1): The consequences of a privately-created money system
only 8% of bank lending goes to productive activity. 92% goes to unproductive activity in the property and speculation fields Excerpted from Mira Tekelova’s review of the Positive Money conference “Ben Dyson was next up saying he had “a huge amount of information in the next hour”. He started from the beginning pointing out that… Continue reading
Financial Crisis—Environmental Crisis: the link with ‘green money’
The Ecopolitics Online Journal 3, Spring/Summer 2009: Green Economics, is dedicated to the following important topic: * Financial Crisis—Environmental Crisis: What is the Link? Co-editor Molly Cato writes: All economists are looking on in horror as they see the slow motion car crash that is befalling the global economy. But green economists have a particularly… Continue reading