Dec 12, 2016 1 Comment
Graham Barnes presents three reasons for challenging the narrative that restrictions on trade are never justifiable, and goes on to argue that the potential rebalancing of an economy - away from over-financialisation towards productive activity and especially stuff of life end product like food and energy - could create its own success story/ case study and encourage others. Changing our money system would help to achieve this.
Aug 27, 2016 Comments Off on Blockchain & Sustainable Communities: Potential & Pitfalls
This one day workshop on Friday October 28 at the Ecovillage in Cloughjordan is organised by NUI Galway School of Law, FEASTA, and Cultivate, and aims to explore the possible future applications of blockchain technology in the development and coherence of sustainable communities.
Jul 13, 2016 Comments Off on Designing an Intentional Currency
An epistle from an imaginary adviser to an imaginary startup currency. Time to get off the proverbial fence. With a health warning. By Graham Barnes.
Apr 13, 2016 Comments Off on The strange idea of negative interest
This article by Graham Barnes addresses the role of demurrage (negative interest) in the design of new currencies. But it takes a roundabout route with diversions around the zero and negative interest rates being currently applied to fiat money; and a detour via positive interest which is itself a stranger idea than we have been led to believe. It suggests that demurrage is worth a place in the designer's kitbag, but not for the reason normally postulated.
Feb 26, 2016 Comments Off on Privatising Air
We seem to have entered an era of 'reductio ad absurdum' capitalism. Many of life's fundamentals such as land, water and energy have been or are being enclosed and privatised. @GrahamJBarnes asks if there is any natural limit to this. Could air be privatised?
Jan 27, 2016 Comments Off on A Financial Transaction Tax (FTT) for Ireland
If implementation of an FTT is indeed a no-brainer, as suggested at yesterday's launch in Dublin of RobinHoodTax.ie, it is because of its potential influence in creating a more stable and balanced economy within a fairer society. These may not be the lead messages of a campaign featuring the #MakeBankersPay hashtag and emphasising the dogoodability of FTT tax receipts. But arguably they should be. By Graham Barnes.
Nov 19, 2015 Comments Off on Motivations for New Currency Design
Those developing new currencies will want to explore the various motivations behind what they're doing and set out for themselves - ideally explicitly - their balance of motives. Graham Barnes identifies some of the main 'flavours' of motivation.
Oct 16, 2015 4 Comments
There are good reasons to want to improve the health and diversity of your local economy. But should locality-based currencies scale, or perhaps replicate - networking micro to build macro (HT @cjenscook)? And is localism enough or is there a role for limited-scope value-based Intentional Currencies? @GrahamJBarnes anticipates some architectural aspects of a new monetary ecosystem.
Jul 29, 2015 2 Comments
Graham Barnes writes that "creating and maintaining a currency without any interaction with fiat is clearly a challenge. It's like asking fish to reinvent water while they are swimming around in it. But if we consider the main forms of interaction with fiat, some clues as to the management of the difficulties may emerge."
Jun 10, 2015 Comments Off on Basic income (BI) & intentional currencies
Mar 31, 2015 2 Comments
Banks create money out of nothing when they extend loans and then charge borrowers interest on this newly created capital. The result is an ongoing multi-billion pound/ dollar subsidy breaking the basic rules of capitalism. What is perhaps even more surprising is that there appears to be no explicit description of the 'bargain' underlying this important arrangement. By Graham Barnes.
Feb 02, 2015 Comments Off on The Mainstream Money Mess – three aspects… and what they mean for new money-forms
Nov 11, 2014 Comments Off on Capital without Capitalism: A Currency Design Perspective
The recent surge in interest in the design of new currencies is partly informed by a creeping realisation of the unfairnesses of the so-called free-market and its associated monetary dysfunction. Re-engineering money offers us the chance to imagine and create a more sustainable economic infrastructure. By Graham Barnes