THE FUTURE OF MONEY Bernard A. Lietaer About the Author Bernard Lietaer had thirty years of professional experiences, which tend to mutually exclude each . The Future of Money is a book written by Bernard Lietaer, published by Random House in , and currently out of print. It was written as an overview of how. The Future of Money has ratings and 14 reviews. Joshua said: Fascinating! It is especially prescient given that it was published in (!) yet seem.
|Published (Last):||27 July 2005|
|PDF File Size:||1.57 Mb|
|ePub File Size:||8.34 Mb|
|Price:||Free* [*Free Regsitration Required]|
This book is out of print, but a few copies are still available on Amazon UK. One can even say that central banks compete with each other to keep their currency internationally scarce.
This means that money must constantly be created to replace that being repaid to the banks. Check out the author’s page on Wikipedia for more information: These are benefits already earned by today’s workers, but for which no reserves exist because the funds have been paid out as benefits to the currently retired population. A pragmatic currency system will be presented later that would make decisions of this kind not only possible, but completely logical.
A broken towel bar is a broken hip waiting to happen. The effect of interest The full implications of applying interest on the loans creating money are the least understood of the four characteristics.
The Future of Money – Wikipedia
Those who make peaceful revolution impossible will make violent revolution inevitable. While Lietaer views its collapse as inevitable in the short term, Greco is content to list its flaws. The Swiss WIR is the only long-lived example he quotes. By asking the deceptively simple question ‘What is money? Thus our ability to make knowledgeable choice allows us to imagine, devise and support different futures.
We are now engaged in a structural shift of the world system, and this shift offers an unprecedented opportunity to give birth to Sustainable Abundance. We just forgot that we an, the ones who designed it’ – Mark Kinney ‘The future is not some piece we are going to, but one we am creating The paths are not to be found but made, and the activity of making them changes both the maker and the destination.
Read more Read less. Lietaer gives examples of different currencies that have been used in the past or are being used today, and his assessment of the positive and negative effects they carry. Microsoft’s dominance in the PC software market is often cited as an example of this process in action. It will dominate and haunt the public- policy agendas of the developed countries and force renegotiations of their social contracts.
It is a Fragile and ephemeral thing. Under contemporary financial criteria, a decision like the one above is unthinkable. In contemporary society, we not only agree to participate in the existing money system – unconsciously but we also bestow extraordinary power on that system. Compare that with only one in 11 people back in It provides witty revelations of what money is, how it is created and why money systems need re-designing for social equity and environmental sustainability.
Yet the prevailing ,oney system prescribes all of our economics, and much of our current social behavior and political climate.
The message is not new- lets emerge from the era of interest-bearing national futurw fiat currencies that no longer serve humanity’s interests- but some of the proposed approaches are refreshing.
The story of these seedlings, the various innovations now occurring within fture systems, will be told here. Many aspects of the modern money system can be traced back to the customs of medieval goldsmith money lending, or to Renaissance banks from Tuscany and Lombardy.
This is one of the books that helped me understand that money is a human invention, and not fuhure mechanism, and that was a step toward my current work and passion. Each of these issues will be addressed in turn.
It’s not as if some vuture group of Englishmen gathered in a dark, smoked-filled room to dream up the current money system. I have had to skip many sections where this priestly prose was most present, because I was already convinced that the present system does n Whilst full of interesting details, especially the parts that deal with complementary and lietaaer currencies which are a sort of global travel diary from the writer, the overall ruture is extremely naive.
Your bank does not create the interest; it sends you out into the world to battle against everyone else to bring back the second PoundA hearing of the Chairman of the Federal Reserve in Congress has just as much ritual and studied futurf as the oracles of the priests of Apollo in Delphi in Ancient Greece. In this new Millennium, we are being challenged by four megatrends that are converging upon us over the next twenty years, namely: Some of them, such as the welfare system and progressive taxation, are increasingly being criticized for their ineffectiveness.
The Future of Money
Why money is not a thing We should now dissipate a key illusion in the lietawr about money: For the past 30 years, many economists have forecast reduced working weeks or retirement at age Although he admits to still searching for a patent lawyer willing to agree with him, Cleveland sees ‘the expression “intellectual property” as an oxymoron, a contradiction in terms’.
The other difference from lketaer previous extinction is that this one is due to the actions of one species our own – which also claims to be the only one endowed with intelligence and consciousness.
It synthesizes a library of intimidating tomes in a form fugure for the layperson. Remember, that 11th round was never created. None of this is theory, real-life implementations have pragmatically demonstrated such results. The ‘real performances’ happen in the temple or for temple-organized activities. These values are what shaped the monetary and banking systems we inherited.
Under such circumstances, a facade of regal confidence, mystery, decorum, and ritual serves to ensure that a long and fragile chain of beliefs will hold.