Re: alternative b-money creation
At 10:28 AM -0500 on 12/22/98, Ian Grigg wrote:
This is the Hiawatha Hours, as I rudely called them (I keep forgetting the name, sorry). Now, these are working systems. They are more or less the same as the LETS systems, which are sort of successful in many hundreds of places.
Ithaca Hours. They like LETS, are based, more or less, on Marx's "Labor Theory of Value". 'nuff said, I figure. Stupid is as stupid does, to quote a famous Alabaman... :-). Cheers, RAH ----------------- Robert A. Hettinga <mailto: rah@philodox.com> Philodox Financial Technology Evangelism <http://www.philodox.com/> 44 Farquhar Street, Boston, MA 02131 USA "... however it may deserve respect for its usefulness and antiquity, [predicting the end of the world] has not been found agreeable to experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'
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Robert Hettinga