I don't know enough of U.S. history to understand your contribution fully, but I am intrigued by one paragraph, just below, and wonder if you would not be up for a p2p blog article on 'wrong solutions to commons problems', where you elaborate the following for a lay audience,<br>
<br>see:<br><br>"The power of the states and local banks to<br>
circulate their own certificates/currencies was the applied solution<br>
became known as the free banking era in US economic history. As a<br>
consequence of no banking regulations virtually at all By the time of
the<br>
issuance of the US Greenbacks in 1861 there were 7,000 different<br>
currencies being used. The Free Banking period is renown for the<br>
widespread fraud, bankruptcy, and counterfeiting resulting from a
state's<br>
rights "solution" to a commons problem. This is the same level of<br>
subversion of the need for a genuine alternative in a commons based<br>
monetary paradigm."<br><br><div class="gmail_quote">On Fri, Sep 9, 2011 at 10:28 PM, <span dir="ltr"><<a href="mailto:ideasinc@ee.net">ideasinc@ee.net</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;">
This seems quite progressive for the most part, and it seems to be not<br>
fully out of the neo-classical financialized capitalism box. Lietaer's own<br>
The Future of Money directly admits concession to the debt based monetary<br>
model. I believe I remember that it appears on page 214. In effect the<br>
agenda of nominal monetary reform without much actual monetary reform.<br>
<br>
By way of an historical example from the 19 century in the US, Pres.<br>
Andrew Jackson's battle against the Second National Bank of the US as a<br>
group of blood thirsty frauds and thieves was not a simple hero story<br>
featuring good guy versus bad guys. It is actually an example of right<br>
problem but wrong solution. The power of the states and local banks to<br>
circulate their own certificates/currencies was the applied solution<br>
became known as the free banking era in US economic history. As a<br>
consequence of no banking regulations virtually at all By the time of the<br>
issuance of the US Greenbacks in 1861 there were 7,000 different<br>
currencies being used. The Free Banking period is renown for the<br>
widespread fraud, bankruptcy, and counterfeiting resulting from a state's<br>
rights "solution" to a commons problem. This is the same level of<br>
subversion of the need for a genuine alternative in a commons based<br>
monetary paradigm.<br>
<br>
The Greenbacks became politically hazardous later exactly because of the<br>
massive positive effect of an asset based, sovereign issued currency, the<br>
banking sector lobbied hard toward converting the US system onto a Gold<br>
standard, and they won that one. In 1863-4 the National Banking acts were<br>
passed as a compromise with the banking sector of the pro-war merchants.<br>
These laws allowed the operations and incorporation of banking<br>
corporations across state lines and shut down the ability of local and<br>
state banks to issue currencies. This allowed the mega-banks to be largely<br>
control the development of the economy once the US Civil War ended. And<br>
there is more, and then also the fraud of the US Federal Reserve, in the<br>
lineage of the Bank of England fraud playbook. The failings of the<br>
Confederacy was particularly interesting in that they preserved the states<br>
rights category of impairing actual common economic participation, and<br>
thereby did not have anything like the Greenbacks.<br>
<br>
The point here is that the same sort of centrifugal dynamics will prevail,<br>
including in the assumption of limited framing and alternatives. To put it<br>
in zen koan structure, when is an alternative, like one hand clapping? To<br>
put it another way perhaps the possibilities should be only limited by our<br>
capacities, rather than by the acceptance of standards and policy manuals<br>
for the sake of free rent and worse. Cook's Open Capital model also hovers<br>
on the edge of the post-Keynesian macro-commons. In effect the Greenback<br>
was the right solution to the chicanery of the Second National Bank of the<br>
US. It was not a debt based currency. Exhortations to a social<br>
libertarianism seem most practical when the additional capacities can be<br>
explored outside the installed pre-suppositions.<br>
<br>
as we go, Tadit Anderson<br>
<br>
<br>
<br>
<br>
<br>
<br>
<br>
Civilized, gives people equal economic opportunity and basic income<br>
security.<br>
<br>
�Massively parallel decision making and pricing based on a market (the<br>
best of capitalism).<br>
<br>
�Environmentally conscious.<br>
<br>
�Resilient to future changes in automation, robotics.<br>
<br>
�P2P lending encourages community building, nurturing trust, and long term<br>
thinking.<br>
<br>
�Resolves the tragedy of the commons in a mature way:<br>
<br>
�P2P trust effectively limits the effects of free-loaders without ruining<br>
the entire playing field.<br>
<br>
<br>
On Fri, 09 Sep 2011 10:00:19 -0400, Michel Bauwens<br>
<<a href="mailto:michel@p2pfoundation.net">michel@p2pfoundation.net</a>> wrote:<br>
<br>
> *Mohamad Tarifi <<a href="http://ieet.org/index.php/IEET/bio/tarifi/" target="_blank">http://ieet.org/index.php/IEET/bio/tarifi/</a>>'s economic<br>
<div class="im">> proposals at <a href="http://ieet.org/index.php/IEET/more/tarifi20110908" target="_blank">http://ieet.org/index.php/IEET/more/tarifi20110908</a> are quite<br>
> interesting and sensible,<br>
><br>
> I'll be excerpting the p2p paragraphs on the blog on the 18th,<br>
><br>
> Michel<br>
> *<br>
<br>
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