expiration date

Posted: March 18th, 2006 | Author: ted | Filed under: currencies, friends | 5 Comments »

Doug says: “Maybe money needs an expiration date.”

I’m not sure if he’s serious or joking, but there are alternative currency systems where the money expires. This ensures flow, which is what’s necessary for a currency to be an effective value exchange mechanism. This makes saving for a rainy day a bit difficult, so sometimes people design in a value storage currency as well. Good stuff, Doug. Thanks!

Sharing is Caring:

5 Comments on “expiration date”

1 dgermann said at 2:54 pm on March 18th, 2006:
Ted–

Yes, I was serious.

There is a current project underway to devise a complementary currency for South Bend, Indiana. We are probably going to follow the Ithica Hours model. I may be e-mailing you separately for your advice, since I understand this is a particular area of passion and study for you.

In any case, the inspiration for this came from a piece by Facundo Cabral in Franck, Roze and Connolly, What Does It Mean to Be Human? Have you read it?

:- Doug.
2 ted said at 2:56 pm on March 18th, 2006:
Wow, I definitely want to know more about the South Bend effort. Fantastic!

I haven’t read the piece. Do you have a link?
3 dgermann said at 9:13 pm on May 18th, 2006:
Ted–

It is a book. I found it at my library. Check this out: http://tinyurl.com/h3lk9

:- Doug.
4 dgermann said at 12:45 pm on May 24th, 2006:
Ted–

The link to the South Bend community currency initiative is at http://www.MichianaCurrency.org

:- Doug.
5 Humanize the Earth! » Michiana Community Currency Initiative said at 7:33 pm on May 25th, 2006:
[...]
- Do you want more choices about what you can do for a living?
- Do you want to feel part of a local community?
- Do you own a local business & want more customers?
[...]