[P2P-F] self-regulating markets

Wed Jun 22 07:23:14 CEST 2011

Dear Apostolis,

Below are the links to my websites, and the title of my latest book.

Clearing circles have been operating successfully for many years. It is 
an old idea.
Now, the challenge is to optimize the procedures and protocols and take 
it to scale, then network local exchanges together to provide an means 
of payment that is locally controlled but globally useful.

A debit balance in a credit clearing exchange can be looked at as a 
loan. It is a draft upon a line of credit that is extended by the 
collective membership. In a clearing system some accounts must be 
allowed to be negative. The total of negative balances (or positive 
balances) can be looked at as the supply of internal currency.

Savings and investment, or *finance *is a separate function from 
*exchange*.
Yes, they are related, but require different mechanisms.

Thomas

Thomas H. Greco, Jr.
thg at mindspring.com
Mobile phone (USA): 520-820-0575
Beyond Money: http://beyondmoney.net
Tom's News and Views: http://tomazgreco.wordpress.com
Archive Website: http://www.Reinventingmoney.com
Photo gallery: http://picasaweb.google.com/tomazhg
Skype/Twitter name: tomazgreco
My latest book, "The End of Money and the Future of Civilization"
can be ordered from Chelsea Green Publishing, Amazon.com, or your local bookshop.

On 06/21/2011 7:35 PM, Michel Bauwens wrote:
> Thomas has written a few books and is in touch with many local credit 
> commons initiatives ...
>
> he's in cc,
>
> Michel
>
> On Wed, Jun 22, 2011 at 3:38 AM, Apostolis Xekoukoulotakis 
> <xekoukou at gmail.com <mailto:xekoukou at gmail.com>> wrote:
>
>     What you say was exactly the idea with which I started working.
>
>     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 at gmail.com
>     <mailto:free.market.anticapitalist at 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.
>
>         --
>         Kevin Carson
>         Center for a Stateless Society http://c4ss.org
>         Mutualist Blog:  Free Market Anti-Capitalism
>         http://mutualist.blogspot.com
>         The Homebrew Industrial Revolution:  A Low-Overhead Manifesto
>         http://homebrewindustrialrevolution.wordpress.com
>         Organization Theory:  A Libertarian Perspective
>         http://mutualist.blogspot.com/2005/12/studies-in-anarchist-theory-of.html
>
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>
>
>
>     -- 
>
>     Sincerely yours,
>
>           Apostolis Xekoukoulotakis
>
>
>
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