Thomas has written a few books and is in touch with many local credit commons initiatives ...<br><br>he's in cc,<br><br>Michel<br><br><div class="gmail_quote">On Wed, Jun 22, 2011 at 3:38 AM, Apostolis Xekoukoulotakis <span dir="ltr"><<a href="mailto:xekoukou@gmail.com">xekoukou@gmail.com</a>></span> wrote:<br>
<blockquote class="gmail_quote" style="margin: 0pt 0pt 0pt 0.8ex; border-left: 1px solid rgb(204, 204, 204); padding-left: 1ex;">What you say was exactly the idea with which I started working. <div><br></div><div>Where is more info about it? Has Thomas created such a clearing house? <div>
Most importantly, has he found an algorithm to create trading circles? has he studied the macroeconomy of such a system?</div>
<div><br></div><div>Why do we need to see the global network? </div><div><br></div><div>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.</div>
<div><br></div><div>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. </div>
<div><br></div><div>It is important to think of each peer as a producer, a seller, an investor. Investors need information.</div><div><br></div><div><br></div><div><div><div></div><div class="h5"><div class="gmail_quote">
2011/6/21 Kevin Carson <span dir="ltr"><<a href="mailto:free.market.anticapitalist@gmail.com" target="_blank">free.market.anticapitalist@gmail.com</a>></span><br>
<blockquote class="gmail_quote" style="margin: 0pt 0pt 0pt 0.8ex; border-left: 1px solid rgb(204, 204, 204); padding-left: 1ex;"><div>El 21/06/11 04:23, Apostolis Xekoukoulotakis dijo:<br>
<br>
</div><div>> What I am about to say needs testing and more thinking but let me tell you<br>
> what I have done so far to create an alternative to the free market.<br>
<br>
</div>We're probably using the term "free market" in a different sense. The<br>
market can refer simply to the cash nexus, or the arena of commodity<br>
production for monetized exchange.<br>
<br>
But it can also be used, by market anarchist like me, to describe the<br>
entire spectrum of voluntary transactions and relationships --<br>
including cooperatives, gift economies, communal property, informal<br>
barter, mutual aid, etc.<br>
<div><br>
>> I have created a new class of currencies that are very similar to the<br>
>> very<br>
>> old currencies. What if each person used the creation of his work as<br>
>> currency. When someone owns 5 paul's chairs for example , It is meant<br>
>> that<br>
>> Paul will have to give him those 5 chairs in the future if he asks for<br>
>> them.<br>
>> This is then some kind of loan. Someone gives something now in exchange<br>
>> for<br>
>> something in the future. If he doesnt need the chairs, he might have to<br>
>> exchange Paul's chairs with something else.<br>
<br>
</div>That sounds a lot like Tom Greco's mutual credit clearing networks,<br>
which I'm a big fan of. Every member runs a balance that looks a lot<br>
like the balance in a checking account. When you sell a good or<br>
service to a member your balance goes up, and when you purchase same<br>
it goes down. And the system allows people to run negative balances,<br>
so long as the negative balance is limited to some value relative to<br>
their average monthly sales and the account continues to be active and<br>
turn over. So "money" is essentially backed by the goods being<br>
traded; rather than being a store of value from past production, it is<br>
simply a unit of account for denominating trade of present-for-present<br>
or present-for-future production. Nobody has to have a store of money<br>
from past production in order to trade, so there's no problem of<br>
economic stagnation for want of liquidity ("there's not enough money<br>
in circulation"). People create money by trading.<br>
<font color="#888888"><br>
--<br>
</font><div><div></div><div>Kevin Carson<br>
Center for a Stateless Society <a href="http://c4ss.org" target="_blank">http://c4ss.org</a><br>
Mutualist Blog: Free Market Anti-Capitalism<br>
<a href="http://mutualist.blogspot.com" target="_blank">http://mutualist.blogspot.com</a><br>
The Homebrew Industrial Revolution: A Low-Overhead Manifesto<br>
<a href="http://homebrewindustrialrevolution.wordpress.com" target="_blank">http://homebrewindustrialrevolution.wordpress.com</a><br>
Organization Theory: A Libertarian Perspective<br>
<a href="http://mutualist.blogspot.com/2005/12/studies-in-anarchist-theory-of.html" target="_blank">http://mutualist.blogspot.com/2005/12/studies-in-anarchist-theory-of.html</a><br>
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</div></div></blockquote></div><br><br clear="all"><br></div></div>-- <br><span style="font-family: arial,sans-serif; font-size: 13px; border-collapse: collapse;"><pre style="white-space: pre-wrap;"><br></pre><pre style="white-space: pre-wrap;">
Sincerely yours, </pre><pre style="white-space: pre-wrap;"> Apostolis Xekoukoulotakis</pre></span><br>
</div></div>
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