[P2P-F] An update on BIBO, financial stability standards, and the debt-virus hypothesis

[Michel Bauwens]

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 <olivierauber2 at gmail.com>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.html
> 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 <michelsub2004 at gmail.com>
>
>>
>> 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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>>
>>
>>
>>
>>
>>
>>
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>
>
> --
> Olivier Auber
> 0675038880
>



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