February 8, 2009 8:32 AM Subscribe
posted by kliuless (36 comments total)
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Hard up for cash? Roll your own
just like Walmart and Amazon coexist with Costco and Craigslist, or like closed and open source software and operating (eco)systems often feed off of one another (and keep each other 'honest') to make a more vibrant market (and community), I think having various kinds of 'complementary
' currency systems and transaction mechanisms
alongside fiat central banking
would help encourage and enable a greater multitude
of economic activity than is currently the case.
like having the right tool (or program
) for the right job, I think it only makes sense that some currency systems are better suited for certain applications and activities than others, and people would therefore benefit from having a choice (freedom to choose!) of currency to use and conduct business in...
along with, for that matter, what laws
and accounting frameworks
they are governed by and where they reside (freedom to move ;) [incidentally as it stands, (some) privileged people, corporations and 'capital' already enjoy these freedoms and benefit from practising regulatory arbitrage; I do not see why this cannot be extended to everyone]
btw, post inspired by pharm, thanks!