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If you hire people from the "community" to do these jobs they may accept "community mining scrip" as part of their payment. If you bring the staff and supplies from far away, they'll want their hard cash so they can bugger off.

We're talking about depression economics here: the problem of mobilizing sufficient, willing local resources when there isn't enough money locally and no access to credit from the broader economy.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma

by Migeru (migeru at eurotrib dot com) on Thu Nov 26th, 2009 at 11:40:59 AM EST
[ Parent ]
We're talking about depression economics here
Are we? Since when? I am talking about the utility of financial services not only during depressions, and I think Chris Cook believes his system is designed to operate during all parts of the business cycle.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Thu Nov 26th, 2009 at 11:46:32 AM EST
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