Dysfunctions of Money and Decentralized Exchange Alternatives
Manage episode 336123312 series 2861642
This group conversation, sponsored by the Praxis Peace Institute, was recorded online April 10, 2020. It covers such critical questions as:
- What is the essence of money?
- What are the functions of money?
- Where does money come from?
- How does money enter the economy?
- Who controls the issuance and flow of money?
- Why does total debt in the world keep growing?
- Is the system of money, banking, and finance stable, fair, sustainable?
- Are there better ways to “do” money?
- Why have local currencies not been more successful?
- Are there any success stories?
- Is there a “magic formula” for making an alternative money system work?
It continues with a discussion of the history of local currency efforts in Sonoma County, California and a description of straight forward approaches to creating local liquidity that is independent of banks and conventional money.
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