There’s a good discussion by Mike Sandler on the Huffington Post of the controversy over the trillion dollar coin; it’s encouraging that the debate over money creation is becoming so mainstream in the US. “Be on the lookout for debt-free, interest-free money, coming soon to a country-needlessly-plunged-into-recession-by-austerity near you.” Some useful comments also. Read the post.…
Feb 07, 2013 1 Comment
In this article Caroline Whyte makes a case in favour of global per-capita allocations of funds from the share in Cap and Share: a sort of worldwide cash transfer programme. She draws on recent development theory, technological innovations and research on social and economic equity to bolster her argument.
Jan 31, 2013 1 Comment
So here we have it. The austerity versus Keynsian spending debate is about as useful as arguing whether the earth is flat or sitting on the back of a pile of turtles. Neither will provide sustainable interventions to our converging crises while the debt-based money system remains the only significant game in town. By Graham Barnes.
Jan 19, 2013 No Comments
Nov 13, 2012 10 Comments
A consensus becomes established out of the persistence of what it attempts to describe. It is inherently retrospective. It tends to assume that what has been, must continue. A couple of decades of low interest rates and stable global economic growth, and well, it becomes the natural order of things.
Oct 30, 2012 5 Comments
In his new book, organic farmer and Feasta member Patrick Noble makes the case that those of us who do real, tangible work – “trade’s people” – hold the key to the future. He believes that we should not try to subdue or overthrow those who hold disproportionate power: instead we should simply ignore them and get on with things. This week we’re publishing the book’s foreword and in the course of the next few weeks we’ll be publishing several other extracts from the book.
Oct 08, 2012 No Comments
While “green technology” is an important response to the convergent crises that Ireland and other nations face, it is important not to overlook two other important macroeconomic issues: our current dependence on debt-based money; and the need to rebuild and strengthen local economies. By Graham Barnes.
Aug 18, 2012 No Comments
Jun 26, 2012 4 Comments
Published by Green Books, The Future of Money by James Robertson restates much of his thinking around monetary reform and brings it bang up to date in the context of the Euro crisis. It focuses a great deal on the arguments for governments reclaiming their right to issue money from the banks, and the enormous potential benefits to society of so doing. Highly recommended.
Jun 17, 2012 12 Comments
This new study by David Korowicz explores the implications of a major financial crisis for the supply-chains that feed us, keep production running and maintain our critical infrastructure. He uses a scenario involving the collapse of the Eurozone to show that increasing socio-economic complexity could rapidly spread irretrievable supply-chain failure across the world.
May 21, 2012 No Comments
I attended the recent Transition Networks one day conversation in London on ‘Peak Money and Economic Resilience’. Prompted by the event, I have contributed some thoughts on the fundamental objectives of a local exchange currency – increasing both the proportion of trade that is locally-based, and overall liquidity – and on how these might best be achieved.
Mar 16, 2012 No Comments
Feb 27, 2012 No Comments
Major earthquakes are proving to be a catalyst for the Lyttelton community, near Christchurch in New Zealand, to create a sustainable future. Margaret Jeffries writes in Fleeing Vesuvius that “Rather than waiting on the sidelines for a Government agency to hand out solutions, Lyttelton is seeking out what its own localised answers might be.”
Feb 15, 2012 No Comments
Feasta’s particular approach to sustainability economics is to focus attention on the inadequacies of underlying systems. The development of local economies suffers from two particular adverse systemic effects – the in-built transfer of wealth from those that need money to those that already have money via the servicing of debt; and the transfer of wealth from the locality to the centre as globalisation progressively centralises economies. Local currency developers need to develop strategies that mitigate these two effects or they will remain limited in size and influence.