Mar
24
2020
Geoff Turk

“Flat Earth” Money, and why there doesn’t have to be a global cashflow problem

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Posted Mar 24 2020 by Geoff Turk of the Open Credit Network
Does there really have to be a global cashflow problem?

This is the fourth in a series of articles about how mutual credit can help us get through the economic problems caused by the corona virus. The main points to get across are:

  1. There’s going to be a shortage of money.
  2. Mutual credit is a moneyless trading system.

That’s it! Mutual credit can help local economies survive when there’s no money around.

Here Geoff Turk asks why money has to be scarce, and why we can’t just exchange products and services with each other, without using money, that’s issued (as debt) and controlled by giant banks. Read more …

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