My first guess was that you're part of monneta.org - familiar with the work of Margrit Kennedy but then I didn't see her in there, so I don't know. It seems unlikely you've missed them, but I'll recommend them to you if you've not checked them out.
I live a bit down the coast from Deirde Kent who is a pretty damned fine writer herself. Also related, and you will find her on twitter too.
I'm not so much a "decentralist" (good name!) as an engineer with a grudge, but I wind up in much the same place as you are simply from following the laws closely.
I'm OK with a nation having its own currency and not a whole slew of local ones but I don't object to the local councils doing as Deirdre suggests and having their own rather than trying to make it all work through taxes alone. You'll see
I just like the idea of the nation as the economic unit, as the public supports and policies are IMO, things that need to be national in scope. Can argue it either way, and there's no doubt in my mind that local currencies with demurrage are going to need to be used to warm people up to the notion that it can work.
I've got 230 pages, back from the assessor now, halfway done integrating the suggestions before I go hunting for an agent.
Another person I'd recommend to you is Steve Keen. Heterodox economist with a modeling tool he calls "Minsky" which you can get for free. He has a patreon account which is quite cheap, and a lot of books. For what you are doing I suspect his modeling software could become useful.
Thanks for all the links and information - I wasn't familiar with Monneta.org or Margit Kennedy or Keirdre Kent.
The model I am pursuing in is a variant of Mutual Credit systems - which is based on giving (issuing) another party (usually reciprocal) a certain credit value - marked against the sovereign/national currency. In this variation the allows for the "Credyts" to be both divisible and assignable. That is, the mutual credit arrangement becomes extensible throughout the participating economy (all parties in the system). Thus, the monetary unit remains consistently related to and fungible alongside the national (sovereign) fiat currency. Mere mortals can thus proclaim "Fiat Bux", as it were, in the process of creating money. Therefore, the underlying expression of a unit is equivalent to the national currencies (this allows for easy integration with current financial systems) and keeps people's heads from hurting by doing on-the-fly exchange calculations.
Yes, I have embedded both demurrage and seigniorage functions in the calculations to make the currency system purposely anti-hoarding. The "half-life" calculation for demurrage is a variable one taking into account the absorption rates in the system + some other fundamental properties you might find interesting.
The purpose of focussing on local and independent creation of the money/credyt units is to engage people in a more Peer to Peer model and engender awareness of the collective power we - in aggregate - CAN wield. While a nation-state money unit is fine this and the supra-national money system writ large can and largely has been cooped by the Transnational Cartel that dictates who are the winners (spoiler alert, it ain't us).
Great to hear you are so far along on your book, would love to get a copy at the end of your journey - I am less than 100 pages into my journey.... maybe next year.
Yes, love Steve Keen as well as Michael Hudson (great historical context) - my first exposure to this whole subject area was "The ascent of money" more than a decade ago.
I am with you on all of this, and also writinga book on "money". Check out my trajectory here & lmk your thoughts.
Credyts.net & https://link.medium.com/soQ5xsxPgkb
My first guess was that you're part of monneta.org - familiar with the work of Margrit Kennedy but then I didn't see her in there, so I don't know. It seems unlikely you've missed them, but I'll recommend them to you if you've not checked them out.
I live a bit down the coast from Deirde Kent who is a pretty damned fine writer herself. Also related, and you will find her on twitter too.
https://deirdrekent.com/category/economics/
I'm not so much a "decentralist" (good name!) as an engineer with a grudge, but I wind up in much the same place as you are simply from following the laws closely.
I'm OK with a nation having its own currency and not a whole slew of local ones but I don't object to the local councils doing as Deirdre suggests and having their own rather than trying to make it all work through taxes alone. You'll see
I just like the idea of the nation as the economic unit, as the public supports and policies are IMO, things that need to be national in scope. Can argue it either way, and there's no doubt in my mind that local currencies with demurrage are going to need to be used to warm people up to the notion that it can work.
I've got 230 pages, back from the assessor now, halfway done integrating the suggestions before I go hunting for an agent.
Another person I'd recommend to you is Steve Keen. Heterodox economist with a modeling tool he calls "Minsky" which you can get for free. He has a patreon account which is quite cheap, and a lot of books. For what you are doing I suspect his modeling software could become useful.
Be Fortunate
BJ
Thanks for all the links and information - I wasn't familiar with Monneta.org or Margit Kennedy or Keirdre Kent.
The model I am pursuing in is a variant of Mutual Credit systems - which is based on giving (issuing) another party (usually reciprocal) a certain credit value - marked against the sovereign/national currency. In this variation the allows for the "Credyts" to be both divisible and assignable. That is, the mutual credit arrangement becomes extensible throughout the participating economy (all parties in the system). Thus, the monetary unit remains consistently related to and fungible alongside the national (sovereign) fiat currency. Mere mortals can thus proclaim "Fiat Bux", as it were, in the process of creating money. Therefore, the underlying expression of a unit is equivalent to the national currencies (this allows for easy integration with current financial systems) and keeps people's heads from hurting by doing on-the-fly exchange calculations.
Yes, I have embedded both demurrage and seigniorage functions in the calculations to make the currency system purposely anti-hoarding. The "half-life" calculation for demurrage is a variable one taking into account the absorption rates in the system + some other fundamental properties you might find interesting.
The purpose of focussing on local and independent creation of the money/credyt units is to engage people in a more Peer to Peer model and engender awareness of the collective power we - in aggregate - CAN wield. While a nation-state money unit is fine this and the supra-national money system writ large can and largely has been cooped by the Transnational Cartel that dictates who are the winners (spoiler alert, it ain't us).
Great to hear you are so far along on your book, would love to get a copy at the end of your journey - I am less than 100 pages into my journey.... maybe next year.
Yes, love Steve Keen as well as Michael Hudson (great historical context) - my first exposure to this whole subject area was "The ascent of money" more than a decade ago.
Here is my reading list - courtesy of Amazon - https://www.amazon.ca/hz/wishlist/ls/3FX6M9YADV2TO?ref_=wl_share
As Douglas Rushkoff encourages us to "Find the others" I am always hunting down interesting minds like yourself to check in and share ideas with.
Cheers, Ward