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."
Theresa O'Donohue attended the recent National Economic Dialogue at Dublin Castle. She comments in her blog: "I was pretty gobsmacked when I realised the actual reason climate change was on the agenda. They’re concerned about how to pay the fines we will have to pay when we don’t meet our targets for greenhouse gas emissions!!!"
Can the law protect us from climate change? Do we have a legal right to a stable climate? Are governments responsible for preventing dangerous climate change within their borders? One month ago I would have answered these questions with "most likely not", but one extraordinary court case changed that to "hopefully, yes!". By Erik-Jan Van Oosten.
Mike Sandler's new blog post discusses the role played by debt-based money in the Greek financial crisis, and the reasons why a return to a gold standard wouldn't work, and goes on to propose some solutions. Mike will be representing Feasta, along with some colleagues, at the COP-21 summit in Paris later this year.
Brian Davey writes "Whatever the arguments the Greek government have run out of time. There is a point where they must act to create substitute financial instruments - if they are called IOUs it is up to the ECB to prove that they are another currency and against the rules."
Brian Davey argues that the missing component in most discussion of the Eurozone crisis is the fact that it is linked to energy supply and the limits to growth.