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 has ratings and 14 reviews. Joshua said: Fascinating! It is especially prescient given that it was published in (!) yet seem. Bernard Lietaer March 1. The Future of Money: How New Currencies Create Wealth, Work and a Wiser World. (Book #2 – US Version). June
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To participate in this process, we will need to: If this was combined with the payment of Citizens’ Incomes and switch from income tax and VAT to land-value, pollution and resource taxation, there should be little need or demand for local or alternative currencies. This book provides detailed evidence that such a mutation is a realistic possibility. In pre-Victorian England the world was oblivious of pollution, greenhouse effects and overpopulation.
In a recent example, during the break-up of the Soviet Union, one of the first acts of the newly independent republics was to issue their own currencies. When you use software, you are not stopping millions of others from using it also, as was the case with the key lieaer of the past.
Miguel Hirota rated it it was amazing Oct 23, I recommend ‘The Future of Money’ to anyone interested monsy understanding how money wo This book contains a clear assessment of the monetary situation in the early s, along with possible scenarios explored by Bernard Lietaer.
The rate of interest fixes the average level of growth that is needed to remain at the same place. It started with movie stars, entertainment and sports heroes, and spread over the past decade to high-performance CEOs, traders, lawyers and doctors.
Fufure Form you choose, on your island mpney money changes into mlney, plastic, metal or whatever else, but it has ceased to be money. Interest indirectly encourages systematic competition among the participants in the system.
Very few people were expected to reach that hallowed age, and our entire social contract of jobs and pension systems was geared to take care of those few people. Events in recent decades have further made evident the non- material nature of money. It is about the concept of money, and how different money systems shape different societies.
William Bridges, an expert on the future of employment, has concluded that ‘within a generation, our scramble for jobs will look like a fight over deck chairs on the Titanic. The supporting evidence for the soundness of these new money technologies, and the possibilities that emerge from them, is the focus of the remainder of mkney book. The age of 65 was initially chosen by Bismarck as an official ‘retirement age’ during the 19th century, when the life expectancy in Germany was 48 years.
His book shows us such a solution in a bold and fresh manner, and it is in this sense that this is an epoch-making book. Money or lack thereof, is a fundamental component duture our lives. Moreover, since these debts can only be repaid with official money, alternative or complementary currencies are severely limited in how far they can compensate for the problems created by official ‘debt-money’.
Part One of The Future of Money elucidates the mysteries of the current official currency system. Life can be beautiful ateven on the meager pension of a long- retired bank clerk.
Brian Leslie is editor of Sustainable Economicsthe bi-monthly newsletter of the green economy working group of the English Green Party. A remarkable variety of non-conventional currencies have already been spawned by current information technologies. Once you have the credit, you can draw the cheque to pay the seller of the house, who in turn deposits it in his bank account, and the money starts flowing infinitely through the system until someone reimburses a loan, at which point the money is destroyed, disappearing back into the void where it originated see sidebar.
For our purposes, Harlan Cleveland and Howard Rheingold have made the best inventories of those characteristics: However, as they have become increasingly redeemable in a variety of services besides airline tickets – such as lietare phone calls, taxi services, hotels, even magazines – they have developed into a lietaeg scrip’, a private currency issued by airlines.
Interestingly, the cyber economy could become the first actual large-scale involves information, both of us have it.
The Future of Money
If there is more than -E in your account, that amount will be debited and you will be given the cash, if your balance is not large enough, you will get an apologetic smile or some other message, but not the money.
The future of money therefore lies not only with the further computerization of our conventional currencies – such as dollars, euros or yen via smart cards and other new information technologies. What is remarkable is that even after identifying the key role of information systems in structural change the most important of our economic information systems, our money system, has been ignored as a key leverage point for inducing the necessary and desirable changes.
Climate change and biodiversity extinction Consider the following facts: The focus here will be only on the meaning of this Information Revolution and the opportunity it represents for choosing our money systems in the near future. Money has been performing this feat in a rather spectacular way.
In areas with high unemployment, people have already demonstrated that living conditions can be significantly improved by creating their own complementary currencies instead of just relying on welfare.
The Future of Money | Currency Solutions for a Wiser World
Likewise, it took between and for the price of electricity to drop by just over half. Using this approach, would it not be possible for the Information Revolution to evolve into an authentic Age of Knowledge? Money has always appeared mysterious. They depend on who uses this new dominant resource, how astutely, for what purposes. For instance, if Mr.
The answer mpney both. For the objects of human desire are limitless, or rather limited only by the imagination, which amounts to the same thing. In the Industrial Age nation-states became the paragon of power, so national currencies automatically became dominant. You will see that conventional national currencies and monetary systems are programmed to produce competition and to remain scarce.