Where is more info about it? Has Thomas created such a
clearing house?
Most importantly, has he found an algorithm to create
trading circles? has he studied the macroeconomy of such a
system?
Why do we need to see the global network?
Well, in order to be able to make investments. New
investments about a specific product can have indirect
consequences to the whole network. We may then have to
compute what percentage of the investment will have to be
paid by each peer.
We need to know about the global network in order to
decide to which persons we can store our savings and the
ability of those currencies to be transfered into goods
that we will want in the future.
It is important to think of each peer as a producer, a
seller, an investor. Investors need information.
2011/6/21 Kevin Carson
<free.market.anticapitalist@gmail.com>
El 21/06/11 04:23, Apostolis Xekoukoulotakis
dijo:
> What I am about to say needs testing and
more thinking but let me tell you
> what I have done so far to create an
alternative to the free market.
We're probably using the term "free market" in a
different sense. The
market can refer simply to the cash nexus, or the
arena of commodity
production for monetized exchange.
But it can also be used, by market anarchist like
me, to describe the
entire spectrum of voluntary transactions and
relationships --
including cooperatives, gift economies, communal
property, informal
barter, mutual aid, etc.
>> I have created a new class of
currencies that are very similar to the
>> very
>> old currencies. What if each person
used the creation of his work as
>> currency. When someone owns 5 paul's
chairs for example , It is meant
>> that
>> Paul will have to give him those 5
chairs in the future if he asks for
>> them.
>> This is then some kind of loan.
Someone gives something now in exchange
>> for
>> something in the future. If he doesnt
need the chairs, he might have to
>> exchange Paul's chairs with something
else.
That sounds a lot like Tom Greco's mutual credit
clearing networks,
which I'm a big fan of. Every member runs a
balance that looks a lot
like the balance in a checking account. When you
sell a good or
service to a member your balance goes up, and when
you purchase same
it goes down. And the system allows people to run
negative balances,
so long as the negative balance is limited to some
value relative to
their average monthly sales and the account
continues to be active and
turn over. So "money" is essentially backed by
the goods being
traded; rather than being a store of value from
past production, it is
simply a unit of account for denominating trade of
present-for-present
or present-for-future production. Nobody has to
have a store of money
from past production in order to trade, so there's
no problem of
economic stagnation for want of liquidity
("there's not enough money
in circulation"). People create money by trading.
--
--
Sincerely yours,
Apostolis Xekoukoulotakis