One of the most influential figures in the world economy, former US central bank chairman Alan Greenspan, has warned that the good times are over for the world economy.

I know that Bernard Lietaer, an economist working with the ECB previously, have moved very much towards post-scarcity thinking.

Wikipedia Entry

A local currency approach does appear to offer some benefits;

www.transaction.net/money/cc/cc01.html


I wonder how hard it would be legally to do what Second Life does with Linden Dollars convertable to real dollars ?

Having people convert their real money into virtual MMORPG technate style currency, AKA energy credits, could be a way to siphon people away from the price system, and test out local currency approaches in a virtual world.

Then we could use the contemporary cost of electricity as evaluator.

Nanos wrote:


It’s a long time ago I did this but as I remember it you have to pay people in coins of the real in the UK. Other than that I don’t think there is any restrictions of your own currency. There used to be quite a few of them in the 19th century but they mostly died out.

.ui