Originally posted by yo its meThe UK also has local currencies, like the Lewes pound.
I didn't know Germany had that, they still had the mark the last time I visited.
So, if it was exchangable into a national currency do you think it would work? Though then we would still have the national debt woldn't we- but then maybe it's not possiable for the queen to silmply go bancrupt becasue that's a law that proberly isn't upheald where ever we owe all this money to.
Originally posted by PalynkaI think local currencies are an excellent way to revitalize local economies, although they are exchangeable in national currency. There are many communities across the US and elsewhere that are experimenting with just that. The 'Berkshares' and 'Ithaca Hours' are two of the more prominent examples of these.
Having currencies at a local level not "exchangeable into national currency" is a sure way of destroying small cities. When the cities isn't doing so well, the value of its currency falls, more people leave, less will the currency be worth (and along with it people's wages), etc.
If small countries are already more prone to have currency crises, then imag ...[text shortened]... ng a major currency. For example, Germany has a lot of local currencies along with the Euro.
Originally posted by yo its meDoes this mean that all internet based businesses around the world would need to be aware of current exchange rates for every little city before anyone can make a purchase? Nightmare! In fact, is the Green Party opposed to the internet? Presumably so. Its ok, we can spend our lives toiling in the muddy fields with our bare hands like the good old days. What fun!
[i]A Green national government will not only reject the proposal for a single centralised European currency, but will assist in the creation of regional, city and local currencies for the purposes of encouraging regional, city and local economic development, by:
1.Giving authorisation to local and regional governments to create their own banks and thei ...[text shortened]... he barrer the value of the note- or something like that.
I'd love to read your opnions....
Originally posted by twiceaknightNothing wrong with a bit of mud. International businesses already have to exchange money, now Green Peace would even be creating more jobs, someone who logs the exchange rate of all these extra curencies 😉
Does this mean that all internet based businesses around the world would need to be aware of current exchange rates for every little city before anyone can make a purchase? Nightmare! In fact, is the Green Party opposed to the internet? Presumably so. Its ok, we can spend our lives toiling in the muddy fields with our bare hands like the good old days. What fun!
1 edit
Originally posted by PalynkaI live near Lewis, never heard of this Lewis pound, will have to investigate!
The UK also has local currencies, like the Lewes pound.
I have heard of LETs, which is quiet sucsessful. A way of exchanging work for things without money. It's had bad press because no one is paying tax during the exchange.
edit; everything's on the internet!! http://www.thelewespound.org/how.html
1 edit
Originally posted by yo its meThey tried having different currencies in different regions of the same country under the Articles of Confederation before the US Constitution was passed.
A Green national government will not only reject the proposal for a single centralised European currency, but will assist in the creation of regional, city and local currencies for the purposes of encouraging regional, city and local economic development, by:
1.Giving authorisation to local and regional governments to create their own banks and thei ...[text shortened]... barrer the value of the note- or something like that.
I'd love to read your opnions....
Didn't work out too well.
There's got to be a better way to help the environment than intentionally hampering trade and inter-regional business.
Originally posted by sh76Did the reasons why it didn't work out still apply now?
They tried having different currencies in different regions of the same country under the Articles of Confederation before the US Constitution was passed.
Didn't work out too well.
There's got to be a better way to help the environment than intentionally hampering trade and inter-regional business.
2 edits
Originally posted by yo its meI would think they apply even more so today given the ease of long distance business.
Did the reasons why it didn't work out still apply now?
Then again, currency conversions can be done fairly easily too.
The greatest effects different currencies would probably have would be:
1) Development of a new cottage industry of online currency exchangers.
2) Greatly expand the ability of people to quickly make money by taking advantage of currency exchange rate arbitrage.
I'm sure the Greens want desperately to encourage both. 😕
Originally posted by sh76You don't think it would encourage local businesses?
I would think they apply even more so today given the ease of long distance business.
Then again, currency conversions can be done fairly easily too.
The greatest effects different currencies would probably have would be:
1) Development of a new cottage industry of online currency exchangers.
2) Greatly expand the ability of people to quickly make m ...[text shortened]... currency exchange rate arbitrage.
I'm sure the Greens want desperately to encourage both. 😕
Originally posted by yo its mePerhaps; but it would also decrease the viability of local businesses by cutting down on their options to expand their business models.
You don't think it would encourage local businesses?
Or it might have very little effect on businesses except for adding the costs of currency exchange to the operating budgets.
Originally posted by sh76I don't know what it's like in NY but here it's very much chains of shops dominatig the market in the UK, anyone wanting to start a business is faced with the problem that the bigger stores can bulk buy at a cheaper rate and they sell it cheaper. The big companies report huge profits the smaller companies go out of business. I think keeping things tighter in the regions could change this for the better, that's what I was thinking.
Perhaps; but it would also decrease the viability of local businesses by cutting down on their options to expand their business models.
Or it might have very little effect on businesses except for adding the costs of currency exchange to the operating budgets.
Originally posted by yo its meYes, the Walmart effect exists in the US too. 😉
I don't know what it's like in NY but here it's very much chains of shops dominatig the market in the UK, anyone wanting to start a business is faced with the problem that the bigger stores can bulk buy at a cheaper rate and they sell it cheaper. The big companies report huge profits the smaller companies go out of business. I think keeping things tighter in the regions could change this for the better, that's what I was thinking.