THE FUTURE OF MONEY Bernard A. Lietaer About the Author Bernard Lietaer had thirty years of professional experiences, which tend to mutually exclude each . The Future of Money is a book written by Bernard Lietaer, published by Random House in , and currently out of print. It was written as an overview of how. The Future of Money has ratings and 14 reviews. Joshua said: Fascinating! It is especially prescient given that it was published in (!) yet seem.
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This means that all new money should be credited to the Treasury’s account so that the seigniorage – the profit from issuing it is gained by the nation rather than any individual or business. James Canrille, who directed Bill Clinton’s campaign inremarked. Yamada is a sort of surrogate for his own elderly father, who lives in another part of the country and to whom he sends part of his time credits.
Nevertheless, indefinitely compounded interest in the material world is a mathematical impossibility see sidebar. Whatever Form you choose, on your island that money changes into paper, plastic, joney or whatever else, but it has ceased to be lietaeg. Credit card bills are normally paid by cheque, outside the Net.
His assessment of the invulnerability over the past century of the vested interests manipulating and controlling the current system is indisputable but pf mounting instability of the present fo and its impending collapse make the possibility of forcing reform much more realistic. Whenever we agree on a transaction, we can always create the money.
The Future of Money by Bernard A. Lietaer
A Primer is available at the end of this book. Although they make a point where they appear, they can also stand-alone.
November Learn how and when to remove this template message. There are three reasons why I believe the current, on- going monetary initiatives have a better chance of success than ever before: Information, the raw material for creating knowledge, is the next likely candidate for that role. The build-up of debt caused by the way currencies such as the dollar, the euro and the pound are created threatens the global economy.
In summary, the current monetary system obliges us to incur debt collectively, and to compete with others in the community, just to obtain the means to perform exchanges between us. This can be accomplished by revisiting the prevailing interpretation of money, by understanding how money actually operates, and by acting upon that knowledge. I am not an economist.
For the objects of human desire are limitless, or rather limited only by the imagination, which amounts to the same thing. Ironically, money itself is a very emotionally juicy topic. If I think that someone on the other side of the world has stopped believing in the Mexican peso, the Thai baht, or the Russian rouble, then I have to fear that his neighbors may stop believing.
Such a community can be the entire global community as is the case of the US dollar by treaty, as long as it is accepted as reserve currencyor a geographically disparate group such as Internet participants. You can still visit them today. Following the introduction and first chapter, where Lietaer outlines five core problems people are facing worldwide, the book is divided into two parts. Choosing Your Future of Money.
Brian Leslie’s review of The Future Of Money, by Bernard Lietaer, and Money, by Thomas H Greco
What gives national monies their special advantage over complementary currencies is the fact that only they are acceptable for payment of taxes and legally recognised for the settlement of debts. He explains which money is necessary for which needs and how we can commonly create it. By asking the deceptively simple question ‘What is money? Is this just a strange shift in societal values, or is this also a consequence of deep-seated forces in the information economy?
In addition, new forms of corporate, scrip are taking hold, such as the various frequent-flyer systems, wherein points or ‘miles’ can increasingly be earned with, and used for, services other than airline tickets e. I’d like to read this book on Kindle Don’t have a Kindle?
The Future of Money
With the growing impact of the information revolution, and with repeated shocks to the status quo, symptoms of a much deeper mutation are becoming visible. Unsourced material may be challenged and removed.
This key mechanism behind such a money system can be replicated and efficiently adapted for the 21st century. Summer A world in balance It’s 1 p.
This is why paper money is lieaer ‘the part of the national debt on which no interest is paid’, as summarized by the Radcliffe Commission.
The way interest is built into the money system has three consequences. Do to over spending of the top 20 nations holding electronic currencies? So our bottom-line question here is: Issued by a country with a scrupulous separation between Church and State since its founding, where school prayers can still stir a heated debate, the most ordinary one-dollar bill has as motto, ‘In God we Trust’.
For instance, national currencies make economic interaction with our fellow citizens more desirable than with ‘foreigners’, thereby cultivating national consciousness. While payment and banking- technologies i.