Not to shabby a job of what can possibly be around the corner.
Satire or not, the idea of a complimentary currency may be just the ticket to help us out.
Suppose a college student in the need of financial aid for community college, in lieu of state grants or loans, the state issues a currency commensurate to the amount of hours the student volunteers to care for the elderly.
Two birds, one stone. In essence the state acts as a trader/broker between two markets.
California Prints Its Own Currency - A Satire?
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Jct: There’s nothing wrong with small denomination California State IOUs if anyone can pay their taxes with them. When Argentina’s government workers were faced with cuts, their unions talked 6 state governments into paying them with small-denomination state bonds which could be used to pay for state services and taxes by everyone.
ReplyDeleteWhen the local currency is pegged to the Time Standard of Money (how many dollars per unskilled hour child labor) Hours earned locally can be intertraded with other timebanks globally! In 1999, I paid for 39/40 nights in Europe with an IOU for a night back in Canada worth 5 Hours. U.N. Millennium Declaration UNILETS Resolution C6 to governments is for a time-based currency to restructure the global financial architecture.
Too bad California IOUs won’t be accepted in payment for state taxes and services like state bonds were in Argentina. Too bad California IOUs will be denominated too big to use as local currency. Too bad Argentina people were smart enough to avoid the tent-cities catastrophe and California people are too stupid to follow their example.
See http://youtube.com/kingofthepaupers