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Yes I agree. Energy can be a commodity money, but unlike its predecessors it won't be an hurdle for economic activity with a static supply.

Btw, do you know Andrew Mckillop and his latest ideas [pdf] ?

Vencit omnia veritas.

by Luis de Sousa (luis[dot]a[dot]de[dot]sousa[at]gmail[dot]com) on Mon Feb 2nd, 2009 at 08:33:42 AM EST
[ Parent ]
Thanks for the link. Interesting, and in many ways on the same lines.

But I don't think centralised institutions and architectures are optimal. McKillop seems to be looking at a centralised Keynesian International Clearing Union/ Bancor approach.

When I talk about "frameworks" I don't mean "Organisations" or "Institutions" but simply agreements or protocols with cross border application.

I think we need local solutions linking up regionally and globally to form a global network from the bottom up, rather than any more global organisations funding things "top down".

But it's really about "whatever works", isn't it?

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky

by ChrisCook (cojockathotmaildotcom) on Mon Feb 2nd, 2009 at 09:01:58 AM EST
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