What can governments do to address the banking crisis, remedy unemployment, poverty and ecological threats, and create conditions for sustainable abundance?


How can time-tested currency innovations such as mutual credit systems help businesses of all sizes deal with cash flow shortages and monetary instability?


What can communities do to leverage their untapped wealth and connect resources that would otherwise remain unused with needs that would otherwise remain unmet?


What can scientific and academic research tell us about how to design and implement more effective and resilient monetary systems?

Currency Proposals

What types of complementary currencies could help us overcome current obstacles to the flourishing of our educational, energy, commercial, and other systems?

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Articles by Bernard Lietaer

Bernard’s Research

July 19, 2010 – 7:18 am |

Since 2006, my academic research has been focused on identifying the conditions under which complex flow networks such as natural ecosystems are stable and sustainable.   The data my colleagues and I have been studying is …

The Sufficiency of Money Game

July 18, 2010 – 1:23 pm |

The game can be played with one or several people.  You can play it by yourself, with your family or a group of friends or strangers.   Imagine for the duration of the game that there …


June 26, 2010 – 8:22 am |

This is a glossary of terms and concepts frequently used in discussions of monetary systems or in my work.   If you do not find a word / concept that seems important to include here, please …

Other Researchers’ Publications

June 19, 2010 – 8:40 am |

This page is currently under development and will list academic publications of interest to people researching the field of currency.   Your suggestions are welcome.

Complementary Credit Networks and Macro-Economic Stability (Journal of Economic Behavior & Organization) …

Credentials of a Flying Fish: Bernard’s Story

May 22, 2010 – 6:30 am |

My main qualification for talking the way I do about money is that for the last forty years I happen to have been exposed to an unusual variety of hands-on experiences of money as a …

The WAT System in Japan

May 21, 2010 – 1:01 pm |

This introduction to the WAT system is an excerpt from a longer paper by Mitra Ardron and Bernard Lietaer in which they offer ways of addressing some of the shortcomings of “peer-to-peer” currencies like the …

Sustainability and Money Systems

May 20, 2010 – 2:36 am |

What is the relationship between our money systems and sustainability?   In this video interview, Bernard Lietaer explains that our current money system programs us into short-term thinking, and is consequently a systemic cause of unsustainability.
“NB: …

Community Currencies: The Story of Banco Palmas in Brazil

May 19, 2010 – 11:53 pm |

The story of Banco Palmas in Brazil is a great example of how local currencies can stimulate the local economy.  With the help of NGOs, people in Palmeiras, an impoverished district in Fortaleza, Ceara, Brazil …

Is Our Monetary Structure a Systemic Cause for Financial Instability? Evidence and Remedies from Nature (April 2010)

May 19, 2010 – 11:29 pm |

Abstract — Fundamental laws govern all complex flow systems, including natural ecosystems, economic and financial systems. Natural ecosystems are practical exemplars of sustainability: enduring, vital, adaptive. The sustainability of any complex flow system can be …

Beyond Greed and Scarcity: an Interview with Yes! Magazine

May 18, 2010 – 8:54 am | 2 Comments

In a 1997 interview with Yes Magazine, Bernard explains that the condition of scarcity which plagues many of our societies is actually a product of the kinds of money systems we adopt.   He also …