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Bernard Lietaer has written a lot on complementary currencies, such as the one above. His basic point is to have a heterogeneous money market, as opposed to the
by damptowel 10y ago
Bernard Lietaer has written a lot on complementary currencies, such as the one above. His basic point is to have a heterogeneous money market, as opposed to the current monoculture. Every currency needs to fulfill a social goal, or number of those, and the complementary (not "alternative") currencies can by designed to act countercyclical to the dominant currency, attenuating the business cycle (he notes the Swiss "Wir" Bank as a good example of that).
https://en.wikipedia.org/wiki/Bernard_Lietaer https://en.wikipedia.org/wiki/Bernard_Lietaer