Recently we proposed the Stella – a commodity basket backed currency – as a tool the facilitate the trade among space settlements. In this post we will further explore the use of the Stella as a reference currency.
Belgian economist Bernard Lietaer is one of the leading researchers on complementary currencies. Here an interview with Lietaer:
Here a speech by Lietaer on money diversity: Continue reading Bernard Lietaer on complementary currencies and money diversity
We assume that future space settlements will have their own currencies [in case of Mordan settlements that will be the Talent]. Inter-settlement trade (IST) will, however, play an important role in the economic life of space settlers. And having multiple (national) currencies might be inconvenient for IST. Hence we argue for the introduction of a complementary trade currency for the trade between different settlements. Continue reading Stella: a proposal for inter-settlement trade
In the world of alternative and complementary currencies, reinventing the wheel over and over again seems to be common place. Different people propose a design of such currencies under different names, but closer inspection reveals that those system are basically the same.
Creating Our Own Currencies: Introduction
Creating Our Own Currencies: Examples
Different alternative currency schemes have been proposed over time, many of them are bogus or are only invented as scam. Fortunately also serious attempts to design an alternative currency have been made, one of the more interesting ones is mutual credit.