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THE FUTURE OF MONEY Bernard A. Lietaer - library.uniteddiversity ...

THE FUTURE OF MONEY Bernard A. Lietaer - library.uniteddiversity ...

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The hard part of creating currency is not conceiving a new variation<br />

of complementary currency, nor even starting it. The hard part is<br />

having it accepted and used in your community. The national<br />

currencies have history and habit on their side, not to speak of the<br />

law as 'legal tender for all debts public or private'. Your local<br />

currency does not have these factors on its side, so it requires<br />

credibility of another nature.<br />

As for all currencies, what is most needed is credibility - without it<br />

nothing will happen.<br />

Three Keys to successful implementation<br />

The are three key ingredients in the successful implementation of a<br />

complementary currency system: good timing, quality of local<br />

leadership a valid design. A few words about each follows.<br />

GOOD TIMING<br />

The Greeks had a special word for it: Kairos ('perfect time') which<br />

they distinguished from ordinary Chronos (time). The same initiatives<br />

by the same people can have very different results depending on<br />

timing. These 'good timings' can be positive or negative.<br />

For instance, as mentioned earlier, sudden increases in<br />

unemployment have created perfect timing for the rapid expansion<br />

of the complementary currency movement in Britain and France. The<br />

shocks to the national currencies in Argentina or Mexico have<br />

resulted in the creation of complementary currencies in these<br />

countries.<br />

On the other hand, the 'right moment' may be simply the<br />

coalescence of the right group of people who decide to do something

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