tag:blogger.com,1999:blog-35419033.post5160339917653830368..comments2014-01-19T10:26:46.567+11:00Comments on co*create 26: Why do we need Complementary Currencies?Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-35419033.post-17533353007322069242006-11-21T06:09:00.000+11:002006-11-21T06:09:00.000+11:00The question of local circulation was the one that...The question of local circulation was the one that was posed initially. It is an obvious feature of a complementary currency. However, the true impact and effectiveness of such a currency indeed does lie with the power to be able to create it locally. <br /><br />I'm interested in the shift of consciousness you mention, Eric. How and when does it happen? Do we need to implement locally created currencies first to kick off this shift - or is it the shift that will eventually lead to currency created locally everywhere?Anonymoushttps://www.blogger.com/profile/10342850935487577890noreply@blogger.comtag:blogger.com,1999:blog-35419033.post-50764881384780113032006-11-21T01:21:00.000+11:002006-11-21T01:21:00.000+11:00The idea that local circulation is what's importan...The idea that local circulation is what's important about community currecies, is dead wrong. The key element is in fact local currency creation. If you can't create your currency locally, then that means that relative to your community, the currency is always extractive in nature because before you can trade, you first must export wealth. That is, you must buy the means of exchange with local wealth (time and resources), when in fact doing so is completely unnecessary.<br /><br />Stated another way: the central problem with conventional currency, is that fundamentally it sets up an extractive pattern, where communities are beholden to the centralized currency creator for economic growth.<br /><br />Local circulation is of course important, but far more important is the consciousness shift that happens when communities realize that they can create currency themselves. A community that can't issue its own currency is like a carpenter that runs out of inches with which to measure.Eric Harris-Braunhttps://www.blogger.com/profile/10322749596471278565noreply@blogger.com