- Jake If you only spend 20 minutes of the rest of your life on economics, go spend them here.
Electronic scrip, based upon the use value of:
(a) location - replacing mortgages; and
(b) energy;
is what is needed, and would circulate on a WIR style credit clearing / accounting system, within a suitable framework of trust.
"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky