2 ms·
>if you ensure that the money that circulates in it doesn't leak out of it, fueling further investment and purchases. I think it's worth actually re-examining o
by itsoktocry 6y ago
>if you ensure that the money that circulates in it doesn't leak out of it, fueling further investment and purchases. I think it's worth actually re-examining our view of globalization and global trade with this in mind.
Where do you draw the boundaries? Is money leaking outside the globe?
- unethical_ban 6y agoWow. What they mean, I presume, is that when money earned locally can only be spent locally, it encourages re-investment at the source. This is dangerous and limiting in some ways, but an interesting thought in others. The world doesn't need to be all one or the other, and just like any other currency, a powerful enough local one (NYC Bucks or whatever) would establish an exchange rate against other currencies anyway.