"Why create money? Why not just do what was proposed 4 or 5 months ago? Make a weekly meeting place and do a swap/ punatic farmers market. Bring what you have and barter..."
"Money" is a collapsed distinction as this concept subsumes within itself the qualitatively separate forms of commodity money, representative money, credit money, and fiat money (details of each form at
http://en.wikipedia.org/wiki/Money ). Even so money --as opposed to the real goods, services, and obligations it represents as a symbolic token-- is historically useful by virtue of being portable, transferable, and providing a solution to the "coincidence of wants" bind (well described at
http://en.wikipedia.org/wiki/Double_coin...e_of_wants ).
Creating money based on debt (as is the current system) is a distortion of energetics and natural law with the result inevitably leading to a dismal juncture of system-wide economic collapse. By sharp contrast, however, money created through a rational basis in value could have excellent durable constructive utility. [Please see the 47 minute film at
http://video.google.com/videoplay?docid=...2583451279 for details, particularly the Hawaii-specifically and Puna-specifically relevant points at 31 and 35 minutes into the film, respectively).
There will be times when for one reason or another (maybe Madam Pele rolled over in her sleep and the productive farm of the most virtuously hard-working family in Puna is now a bed of smoking lava?) there will be members of our community who come to the market with nothing "real" in the sense of fruit, meat, et cetera to trade. What do we do then? Are they to be excluded from participation in the local economic system by reason of being dispossessed
at that moment of tangible trade goods? Lets take it another step: say Pele paved not just the land this family lived on but that of a whole bunch of other people, too, and yet they were all able to grab bags of gold, silver, and gemstones on their way fleeing out the door. Hunger neigh unto famine sweeps the island and the dispossessed masses come to the market with said bags of (inedible) precious metals and gemstones looking to trade them for food. Trying to swap metal and stones for food in a famine will not go very far, even if the gold and so on are highly durable tangible goods. Money as most people (quite mistakenly) think of it is just script representing such tangible precious metals. Does such money actually have value even when actually backed by metals?
Much more likely than a total community-wide catastrophe is an individual or familial need for medical services or somesuch -and in such a circumstance having money which actually retains its value in the community would be a tremendous boon to anyone whose crop fails or who is experiencing a coincidence of wants. This is part of the utility of money, per se, versus tangible "stuff"
if the money itself is based in a rational basis of value rather than upon either a dubious chunk of metal or a totally irrational con-artist scheme of shifted debts.
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"Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence."
Pres. John Adams, Scholar and Statesman
"There's a scientific reason to be concerned and there's a scientific reason to push for action. But there's no scientific reason to despair."
NASA climate analyst Gavin Schmidt
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