George Monbiot reflects on the idea of alternative currencies . Rather than using the pound, dollar and euro, economies could perhaps encourage consumer spending and stop the loss of output caused by unemployment by having local special currencies that become invalid if not spent within a certain period of time. This will stop hoarding - what Keynes saw as the 'paradox of thrift' - and encourage people to spend in their local community. It is perhaps a model worth considering in some towns which would otherwise face a sprial of sharp industrial and economic decline.
technorati tags:
political news | news | world news
More at: News 2 Cromley
No comments:
Post a Comment