We talk a lot about the ‘money system’. In what sense does money form a ‘system’? Does it have a function or purpose? Does it have interconnections? Does it have identifiable elements? 1. Elements of a money system The elements of a money system include the structures and institutions that create it – governments, […]

read more

A constant in the history of money is that every remedy is reliably a source of new abuse. John Kenneth Galbraith, Money: whence it came, where it went For as long as money has existed in its two most popular forms – either as debt-based accounting systems or as notes and coins – it has […]

read more

Every two years, a dedicated international conference for research into complementary currencies and for exchange between academics and practitioners takes place. The first event of this kind was in Lyon, France, in February 2011, followed by a second conference in the Hague, Netherlands, in June 2013. In 2015, researchers from around the world met in […]

read more

Original article by Christian Gelleri published in German in the magazine of INWO (Initiative for a Natural Economy), September 2015 Christian Gelleri and Thomas Mayer proposed a ‘second currency’ for Greece in 2011, which was followed by lots of media reports in March 2012. Greece’s problems have still not been solved. The country is still […]

read more

Discussions of reform proposals for our currency money system often include discussions of a particular element: gold. For many, the reintroduction of a gold standard is the most convincing solution for the obvious problems caused by our currently mostly bank created money. In fact, such a new money order could hardly be simpler and more […]

read more