Graham Barnes is a Currency Innovation Strategist. He is a Director of Feasta and co-organiser of the Feasta Currency Group. He holds a PhD in Computer Science and worked at a senior level in IT and online marketing in a previous life. His current projects include the design and delivery of currencies to be sponsored by a local authority; by a social entrepreneur to complement and enhance a well established sustainability methodology; and by a restaurant chain. https://twitter.com/GrahamJBarnes https://www.linkedin.com/in/grahamjbarnesGraham Barnes has written 47 articles so far, you can find them below.
About Graham Barnes
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?
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.
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.
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.
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."
If a Basic Income is indeed a Good Thing, then new currencies will increasingly seek to build it into their design from the outset. This article by Graham Barnes looks at the rationale for BI and at implications for currencies that incorporate BI as one of their currency issuance mechanisms.