Many moneys

We see that one currency is not enough, so we set up another.

But why would two be enough ? Is it likely that two cover all the possible options ?

How many gears are there on a car, or a bike ? As many as are needed to meet what's needed.

In time, most people will have as many as half a dozen different systems that they trade in, and some will have many more than that.

There will be currencies for general living - for community sizes of thousands and more, where most things people might want will be available at least in part if not totally for local money. Food, clothing, entertainment and jobs. Local taxes, and local government spending.

People will generally also have an account in the regional system, and also in smaller communities, perhaps one for the particular neighborhood where they live, or for church congregations, business associations, student networks, sports clubs or whatever.

Different systems will emerge to fill all the niches of the formal economy, and others to support the informal.

Some systems will be based on pound/dollar/yen/franc type measures, and others will be based on time itself.

Some will be accounted rigourously, others casually, and some not at all.

But it is certain, there will be many different systems all happening at once. Oddly enough, it won't be in the least confusing.

At first thought, it may all seem confronting - after all, how much fun is it balancing one bank account ? But it's not like a bank account, where a delay on a deposit can bounce cheques all over, and you are always struggling to put money into it.

All your local money systems more or less look after themselves - you do have to work, or sell something - but there's always work available, and people with money to spend. So it's more like having several safety nets. And all the accounting is handled.

Written by Michael Linton of Landsman Community Services Ltd.
Version #002 27-7-96