George Monbiot, author of A Manifesto for a New World Order and Captive State: The Corporate Takeover of Britain, suggests that one way out of the economic slump is to let people print their own money.
In his book The Future of Money, Lietaer points out - as the government did yesterday - that in situations like ours everything grinds to a halt for want of money. But he also explains that there is no reason why this money should take the form of sterling or be issued by the banks. Money consists only of "an agreement within a community to use something as a medium of exchange". The medium of exchange could be anything, as long as everyone who uses it trusts that everyone else will recognise its value. During the Great Depression, businesses in the United States issued rabbit tails, seashells and wooden discs as currency, as well as all manner of papers and metal tokens. In 1971, Jaime Lerner, the mayor of Curitiba in Brazil, kick-started the economy of the city and solved two major social problems by issuing currency in the form of bus tokens. People earned them by picking and sorting litter: thus cleaning the streets and acquiring the means to commute to work. Schemes like this helped Curitiba become one of the most prosperous cities in Brazil.
If the state can't save us, we need a licence to print our own money
Do you own a Samsung smartphone? Do you take photos with said phone? Congratulations, there’s an excellent chance that your handset is randomly firing off those pictures you’ve snapped to folks on your contact list without your permission. According to The Verge, the images are being pushed out by Samsung’s cleverly named default messaging app, […]
When you live full-time in a motorhome, no matter how big it is, there’s not a lot of room for extras. In order to have enough space to be comfortable, its necessary to strip your belongings down to the essentials. A library full of books gives way to e-readers and tablets. Full-sized anything? You’re gonna […]
On Monday, the Supreme Court will review the 9th Circuit's decision in Apple Inc. v. Pepper, in which the plaintiffs argue that Apple has established a monopoly over apps for Ios (this part is actually incontrovertible, as Apple has used both technology and law to prevent rival app stores from operating), and that Iphone and […]
Summer’s here, which brings not only warmer weather but also the unsettling realization that the year is more than halfway over. So, for those who weren’t as productive as they would have liked during the first half of 2018, we’ve rounded up 5 skill course bundles you can start learning today to help you finish […]
It’s good to be proactive, but when it comes to preparing for an emergency situation, one of the most important items you can pack is a flashlight. After all, whatever else you include in your kit won’t be of much use if you can’t see what you’re doing. The Viper 1000-Lumen Tactical Flashlights not only […]
Chances are you took a handful of language classes in high school, and aside from a smattering of conjugations and vocabulary words, the only things you likely remember are the dry, rehearsed sentences that did little to make you speak like a true native. If you’re still hoping to learn a new language but want […]