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Default Money As Debt

August 14th, 2012, 19:33
Originally Posted by blatantninja View Post
There are so many things wrong with those statements that I am not even sure where to begin.
This criticism is a bid too general to answer it

For every complex problem, there is a solution that is simple, neat, and wrong. - HL Mencken
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August 14th, 2012, 19:40
Originally Posted by HiddenX View Post
Local money for a small region was tested in several cities/regions in Germany and it can be surprisingly successfull. You can only buy from local shops, farmers, craftsmen - it just works and you're strengthening your local region.
It ONLY works because it's done locally. Things do not apply the same on the microscale as they do on the macroscale.
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August 17th, 2012, 08:19
"Hard money" won't matter because there aren't enough precious metals and dollars can be redeemed. Using money locally won't matter as well if the same regions "strengthen" and by that grow larger.

Finally, the underlying problem is the threat of a resource crunch, and that will make the effects of using money look like child's play.
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