Alex Boerger’s Reviews > Creating Wealth: Growing Local Economies with Local Currencies > Status Update

Reykjavyk created their own bank to lend money directly from the central bank for less interest.

bypass approach (from flightmiles) Never say Money or currency -> use social incentive information system

marginal German Central banker Dr. Rösl: only 1% of the money supply, so it´s not worth to eliminate them! If a government only accepts bank debt money, they are getting more and more dependent to it

Efficiency vs. Resilience Only using one kind of money is like having only one kind of trees

arguments against local complementary currencies: Not Effective Marginal

Coordination of existing projects to a shared goal can make a lot of progress There is never enough money to make all projects happen, but sometimes there are hidden resources that can take it's place.

From vision to action

Learning is important for the plan. Everything is changing very fast, so Shortterm tool always fail

If you can't trust the city government no great vision will work

The city-manager was removed