thanks a lot Olivier, if you hear from the english translation at some point, thanks for letting me know! On Tue, Feb 8, 2011 at 12:19 PM, olivier auber <[email protected]>wrote:

Bonjour matinal Michel,

Sur ce sujet, j'attire ton attention sur un auteur français à l'origine d'une très intéressante "théorie relative de la monnaie" qui permet de calculer très exactement différentes choses, notamment l'expansion de la masse monétaire conduisant à une économie durable, ainsi que le montant du Dividende Universel qui serait le vecteur de cette expansion.

Il s'appelle Stéphane Laborde.

Le livre est ici : http://www.creationmonetaire.info/2010/11/theorie-relative-de-la-monnaie-10.... Le blog là : http://www.creationmonetaire.info/

Malheureusement, tout cela n'existe qu'en français pour le moment. Un traduction en anglais est en cours, je crois.

Amicalement

Olivier

2011/2/8 Michel Bauwens <[email protected]>

...

Dear Sepp,

because the discussion is largely technical, this is all I can do, but perhaps you can add an extra comment?

also, if you are in contact with Marc, please give him a chance to say something about the evolution of the bibo project since december 2009,

Michel

<http://blog.p2pfoundation.net/understanding-the-logic-of-intervallic-periods-i-e-periods-with-riots-not-revolutions/2011/02/08>

<http://blog.p2pfoundation.net/?p=13869> [image: photo of Michel Bauwens] Michel Bauwens 16th February 2011

In December 2009, Sepp Hasslberger introduced to us Bibo, a proposed standard for stable currencies, that would replace the current inherently unstable banking money system.

This article has become our most comment rich article, in particular through a recurring debate between one of the Bibo co-authors Marc, and Ardeshir Mehta.

Ardeshir has written an article that challenges one of the main points of monetary reformers, i.e. that the current system leads to the infinite creation of debt through compound interest.

You can find it here<http://homepage.mac.com/ardeshir/DebunkingTheDebt-VirusHypothesis.html> .

The context:

*“Currently, most if not all money is loaned into existence by banks, and is thus based on interest-bearing debt. There is no question that neither interest nor debt-based money are good for society, and I have written denouncing both debt and interest elsewhere. However, there is a fairly common thesis, based on the fact that money is loaned into existence as interest-bearing debt, that if new loans are not continually being issued in ever-increasing amounts, enough money will not be created to pay the interest on existing loans; and as a result, at least some those loans will be defaulted upon, resulting in inevitable foreclosures. “*

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