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Community and alternative currencies

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Demurrage. = An economic proposal by Silvio Gesell to make bills lose their value gradually There seems to be a consensus amongst monetary reformers that a key change would be the replacement of interest with the system of demurrage: From the Wikipedia: "Conceptually, demurrage works by freeing material goods which are subject to natural cyclic processes of renewal and decay from their linkage with a money that only grows, exponentially, over time.

Demurrage

As established in Part 1 of this text, this dynamic is driving us toward ruin in the exhaustion of all social, cultural, natural, and spiritual wealth. Beyond Greed and Scarcity by Bernard Lietaer - alternative monetary systems. Few people have worked in and on the money system in as many different capacities as Bernard Lietaer.

Beyond Greed and Scarcity by Bernard Lietaer - alternative monetary systems

He spent five years at the Central Bank in Belgium, and he was president of Belgium's Electronic Payment System. posted Jun 30, 1997 He has helped developing countries improve their hard currency earnings and taught international finance at the University of Louvain, in his native Belgium.