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The author's suggestion seems to be that local governments should pay people directly for creating resources (like his example of receipts for grain.) I'm a li
by jibiki 18y ago
The author's suggestion seems to be that local governments should pay people directly for creating resources (like his example of receipts for grain.) I'm a little skeptical about how well that model works in the real world.
It's worth noting the parallels though, between the weird socialism he seems to be proposing and our current system. In our system, the fed creates money and lends it to the banks, at interest, so that they can lend that money to productive people. In his world, local governments would just give money directly to productive people. Frankly, I think that's bound to be less inefficient, even though it's more direct.
- jwilliams 18y agoExactly - it's all debt of some form - To be honest, I didn't really get a clear picture of his scheme from the article. It seems like he's advocating a highly decentralised form of debt? So maybe this is great from a community perspective - but it kind of sucks for something bigger... Like a Google or a Stem Cell breakthough.
- kiba 18y agoI thought he was advocating free market money where good money earned their way on the marketplace.