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toastedpiano (December 31, 1969 at 6:59 pm)
If people were trully smart enough about 'money' they would realise that they only need to record with a book keeping entry their economic activity they do with oher people, the government cannot tax on a book keeping entry, the absurdity of the income tax would then be revealed. It exists to control and restrict the creation of wealth. Governemnts usually then say that you have to find them the dollars equal to the value of the economic produce, and if you don't they will take what is yours.
originalcause (December 31, 1969 at 6:59 pm)
Guaranteed, the IRS will shut this down if people are getting paid in local currency and not declaring it as income. The constitution gives the government the right to coin money and they will interpret this to mean that we don't have that right. In Revelation we read about a time when people will be forced to take the mark in order to buy/sell. The only escape is to develop communities based on love/support for one another. They can outlaw local currencies, but they can't outlaw love/charity.
MillionthUsername (December 31, 1969 at 6:59 pm)
I'm all for it, but he said current banking is "free market". It is NOT! Good grief! If it was, who would use it? What he's doing is free market. He can't "close down" the international bankers, but they can close him down - because their system is based on force and fraud. Alternative systems are voluntary, hence free. Is it "legal"? Like he said, it depends on how successful it is. Local and state governments need to protect these efforts. A successful currency is revolutionary.
whatpeoplewantonline (December 31, 1969 at 6:59 pm)
I worked for a barter company here in Florida and the truth is that merchants do not give the same level of service, priority or quality goods to barter transactions. In fact they treat alternative clients with disdain behind the scenes. Cash is still KING!!!!
whatpeoplewantonline (December 31, 1969 at 6:59 pm)
I worked for a barter company in Florida and the truth is that merchants do not give the same priority, level of service or quality products to barter currency customers. In fact many regard barter transactions with disdain. Cash is King!!!!
whatpeoplewantonline (December 31, 1969 at 6:59 pm)
For several years I worked for a local Barter company in Florida. This is not a perfect system. You do not get the same level of service or quality or priority from merchants when they know that you are not a "regular" cash customer and instead are a barter customer. Cash is King!!!
peakmoment (December 31, 1969 at 6:59 pm)
Although I haven't yet read the book, I've heard that Riane Eisler's new book "The Real Wealth of Nations" presents a new paradigm based on a CARING economics, and suggests policy that could move us in that direction.
nathan49nathan (December 31, 1969 at 6:59 pm)
excellent interview. local currency is an extraordinarily powerful tool. I hope there are more interviews on new paradigms that also have practical tools to implement them.
scott715 (December 31, 1969 at 6:59 pm)
Interesting. History has shown that gold and silver emerge as the money commodities when government fiat (decree) is out of the picture. But there's no reason that these alternative money systems shouldn't be able to compete with hard money (gold and silver) and fiat money (dollar/euro/yen/etc. debt paper). Google "What Has Government Done To Our Money?" and read the book online or download the mp3s for free.
econdemocracy (December 31, 1969 at 6:59 pm)
The most famous US local currency is probably Ithaca Hours. The founder, Paul Glover, along with the hosts of this website, have more ambitious project ideas: a community alternative to Wall Street itself, economicdemocracy dot org /alternatives-to-wallst.html |
