Stories tagged with "local currencies"
Locabucks: Are local currencies a way to escape the liquidity trap ?
Posted by Big Gav on October 11, 2008 - 9:55am in The Oil Drum: Australia/New Zealand
Topic: Economics/Finance
Tags: free economy, locabucks, local currencies, relocalisation, silvio gesell, worgl [list all tags]
Locavores, locastores and locavolts have caught my attention lately - 3 strands of the "relocalisation" idea that tends to get a lot of attention in peak oil circles.
Another localisation oriented idea that gets less press attention is the concept of local currencies (or "locabucks" as I'm now dubbing them), an idea which has its roots in the Great Depression as a mechanism for escaping the liquidity trap - and thus might be relevant again in the not-too distant future if present trends continue.


k Nation (Jim Kunstler)


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