This is the fifth 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 Tom Greco describes the system that the financial elite will be pushing us to revert to after the coronavirus crisis is over. Read more …

Thomas H. Greco, Jr., author of The End of Money and the Future of Civilization, shares just some of his wealth of knowledge about what works, and what doesn’t, when it comes to local currencies. Read more …

Today I’m talking with Thomas Greco, who taught economics, finance and statistics for 14 years at Rochester Institute of Technology in New York, and is now an activist and consultant working on alternatives to the current money system. He also wrote the End of Money and the Future of Civilisation. I came across this book around the same time as Matthew Slater’s credit commons white paper and Positive Money’s videos on how money is created. They completely changed the way I saw the world, and certainly how I thought about money.