It is a nice quaint idea. But it will not solve our massive economic problems
It is a nice quaint idea. But it will not solve our massive economic problems
[quote]Isn't the problem that most of the things we need are not produced/provided locally?[QUOTE]
That is a major part if the problem. By introducing a local currency, we could encourage more to be produced locally and make it viable.
Nothing we are doing now is doing anything to solve our massive financial problems. It could go some way towards reviving the domestic economy.But it will not solve our massive economic problems
"...Money exists not by nature but by law." Aristotle (Ethics, 1133)
Just as a matter of interest, I live in Brixton and currently use " The Brixton Pound" as opposed to STG...
The Brixton Pound - Money that sticks to Brixton - B£
A straight exchange.
Very few here believes it is a good idea.
Had nobody in Brixton the foresite to tie it to silver instead and each pound would be worth 4 pound sterling now