I am grateful for the discussions on alternative currencies, but prefer to consider the democratic processes involved in our monetary systems. I have not got much time, but would like to share my work on Shared Monetary Governance, which was a cross-currency study on the democratic processes used by various currency institutions, including Time Banks, Ithaca Hours (and all I. Hours based currencies), LETS, private issue and national monetary institutions. It is a bit technical, but the upshot is that opennes, transparency, and participartory processes are the key to an inclusive currency. In terms of viability, I looked at scale, which seems to show that with more than 120-150 people, the Free Rider problems leads to hyper-inflation. There is more to it, of course, depending on individual circumstances, but I salut your work, and thank you for opening these dialogues.
ShiraDestinie Jones Landrac, MPhil
Today’s ‘normal’ date is: Saturday November 8, 2014
Today’s U.N. Date is: Wednesday, November 8, 12014 H.E. (Holocene Era)