Many authors have written about alternative forms of money, so I don’t need to canvas the topic. But I’m still thinking about the digitization of money and its role in our current monetary predicaments. I recently watched a movie about time as an alternative currency, and I also attended a local lecture on time-banking. These thoughts converge for this post about traditional and alternative forms of money as an illustration of the hierarchy of money. Our economic information systems evolve with increasing complexity to match the complexity of our economies. Continue reading Hierarchy and money in a global hall of mirrors
Our obsession with money will be an issue for many as we transition from a wealth-oriented capitalist system. Many blogs focus on money—how to make more, how to keep what you’ve got, how to transition to something different and still be “ahead of the game.” Where will these voices be when the currency quits? Judging from the heavy emphasis on money in the blogosphere, many may feel dislocated when the casino chips disappear from the game. We need to look more broadly at the problem of money–those who focus on money without seeing the nature of the real system behind it are still grieving for the loss of an artifact of post industrial society. How do we deal personally with issues of debt and money in transition to economic contraction, while manipulated currencies bank on continued growth?
My thoughts converge after a flurry of recent thoughtful articles about money, including several from permaculture.org.au. These articles converge with multiple questions from friends about the future of money. What do I do with my savings if they are becoming less valuable? Should I spend money to buy a house? Will the stock market persist as a way of gaining wealth? Should I be saving at all if money is inflating away to become less valuable? Continue reading What is money?