Government

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

Business

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

Community

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

Research

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?

Home » Archive by Category

Articles in Monetary Literacy 101

What is money?

September 17, 2010 – 7:00 am |

Most people tend to regard money as “a thing” because that is usually the way it appears to us (as paper, coins, checks, credit cards etc).  And yet, stranded on a desert island, we would …

Who creates money?

September 17, 2010 – 6:45 am |

Contrary to popular belief, governments do not create money in our current system.   As a matter of fact, whenever the revenues generated by taxes are inferior to their outlays, governments have to borrow money from …

What are the main characteristics of modern national currencies?

September 17, 2010 – 5:05 am | One Comment

National currencies

are geographically attached to a nation-state
are chosen by a central authority when it declares that something is the only medium of exchange acceptable in payment of taxes (the only valid “legal tender” for all …

What are the three main effects of interest-based currencies?

September 17, 2010 – 4:00 am |

Until the 16th Century, Western Civilization prohibited the practice of charging interest on money on both moral and legal grounds.   In our modern monetary system, however, money is created by banks through loans issued with …

What are complementary currencies?

September 16, 2010 – 7:43 am | 2 Comments

Complementary currencies are agreements within a community to accept something else than national currencies as a means of payment.  They are sometimes called community currencies, local currencies or “common tender.”   Not all these common tender …