Will the managers, the CEOs, the Banksters, the Bushs, the Rockefellers, the Junkers, the Clintons, the Merkels, the Scheubles, the JPMorgans, the Barclays, the Deutsche Bank, the Wall-Street listen? Or will they shut their ears – and do “business as usual” knowingly they can not continue forever. “Ignorance is DEATH not bliss.”



From this Video:

Interview with Bernard Lietaer – Economist, author and professor

Published on Jul 2, 2013

This interview is part of an article published in the online magazine Talkin’Business of the School of Business and Economics at Maastricht University.
Read more:

Multiple moneys and development: making payments in diverse economies

2nd International Conference on Complementary Currency Systems (CCS), International Institute of Social Studies (ISS) of the Erasmus University, The Hague, The Netherlands.

Title: Interview with Bernard Lietaer – Economist, author and professor
Recording date: 20th June 2013

The 2nd International Conference on Complementary Currency Systems is held from the 19th to the 23rd of June 2013 in The Hague, The Netherlands. The conference is hosted by ISS. It offers space to academics, local government officials and practitioners alike to organize panels, workshops, and other session formats that participants see fit to stimulate the exchange of ideas and experiences.

Community and complementary currency systems include initiatives like the LETS, time banks, the Argentine Redes de Trueque, the Ithaca Hours in the USA, the German Regiogeld, the Brasilian community banks with surrogate currencies, the SOL currency in France, the ‘Transition Towns’ in the UK, the RES in Belgium and the Wir in Switzerland, mobile-phone payment systems in Uganda and Kenya, and for digital remittances in El Salvador.



Other Interviews taken by

Henk van Arkel

IJCCR (International Journal of Community Currency Research) Contents, 1998 to 2015

Vol. Year Articles Authors Pages
    Volume 19 (Summer)    
19 2015 Introduction: Money and Development Georgina Gómez 1-5
19 2015 Territorial development and Community currencies: symbolic meanings in Brazilian Community development banks Marie Fare, Carlos de Freitas and Camille Meyer 6-17
19 2015 Complementary Currencies for Sustainable Development in Kenya: The Case of the Bangla-Pesa William O. Ruddick, Morgan A. Richards, and Jem Bendell 18-30
19 2015 Virtual social currencies for unemployed people: social networks and job market access Maëlle Della Peruta and Dominique Torre 31-41
19 2015 Price Setting Mechanisms in Complementary Currencies in Argentina’s Redes de Trueque Georgina M. Gómez 42-52
19 2015 What kinds of volunteer become more motivated by community currency? Influence of perceptions of reward on motivation Ken-ichi Kurita, Masayuki Yoshida and Yoshihisa Miyazaki 53-61
19 2015 Building trust: exploring the role of community exchange and reputation Robin Krabbe 62-71
19 2015 Community Currency in Korea: How do we envision community currency? Joonmo Kang and Baeg Eui Hong 72-80
19 2015 Beyond growth: problematic relationships between the financial crisis, care and public economies, and alternative currencies Maurizio Ruzzene 81-93
19 2015 French complementary currency systems: exploring contributions to promote social currency in Argentina Ricardo Orzi 94-105
19 2015 The Financing of Complementary Currencies: Problems and Perspectives Rolf. F. H. Schroeder 106-113
19 2015 On Velocity in Several Complementary Currencies Josep Lluis de la Rosa and James Stodder 114-127
19 2015 Prices in Parallel Currency: the case of the Exchange Network of Chania, Crete Irene Sotiropoulou 128-136
19 2015 Cooperation and Intertrade between Community Currencies: From fundamentals to rule-making and clearing systems, including a case study of the Zurich Area, Switzerland Jens Martignoni 137-151
19 2015 Validating and improving the Impact of Complementary Currency Systems through impact assessment frameworks Christophe Place and Leander Bindewald 152-164
19 2015 It’s the motivation, stupid! The influence of motivation of secondary currency initiators on the currencies’ success Lukas Fesenfeld, Jan Stuckatz, Iona Summerson, Thomas Kiesgen, Daniela Ruß, Maja Klimaschewski 165-172
19   Volume 19 (Winter)    
19 2015 The Community Currency Scene in Spain Hughes, Neil 1-11
19 2015 How Green is Our Money? Mapping the Relationship between Monetary Systems and the Environment Brooks, Skylar 12-18
19 2015 2015 Book reviews
Vol. Year Articles Authors Pages
Volume 18
18 2014 A Counter-Hegemonic Discourse of Economic Difference: A Critical Discourse Analysis of Timebanking in the United States Rice, Julie Steinkopf 1-10
18 2014 First Micro-Simulation Model of a LEDDA Community Currency-Dollar Economy Boik, John 11-29
18 2014 2014 Book reviews
Volume 17
17 2013 Improving Complementary Currency Interchange By A Regional Hub-Solution Huber, L. and Martignoni, J. 1-7
17 2013 Bitcoin: The Political ‘Virtual’ Of An Intangible Material Currency Jansen, M. 8-18
17 2013 Taking Moneyless Exchange to Scale: Measuring and Maintaining the Health of a Credit Clearing System Greco, T. 19-25
17 2013 Is A Global Virtual Currency With 
Universal Acceptance Feasible? Jegatheesan, S., Ahmed, S., Chamney, A. and El-Kadri, N. 26-44
17 2013 Complementary currency and its impact on the economy Groppa, Octavio 45-57
17 2013 2013 Book reviews
Volume 16
16 2012 A New Approach to a Typology of Complementary Currencies Martignoni, J. 1-17
16 2012 Key Indicators of Time Bank Participation: Using Transaction Data for Evaluation Collom, E. 18-29
16 2012 Japan’s Fureai Kippu Time-banking in 
Elderly Care: Origins, Development, 
Challenges and Impact Hayashi, M. 30-44
16 2012 Are Alternative Currencies A Substitute Or A Complement To Fiat Money? Evidence From Cross-Country Data Pfajfar, D., Sgro, G. and Wagner, W. 45-56
16 2012 2012 Book reviews
16D 2012 Editorial 2012 (Volume 16 Special Issue): Thirty Years of Community and Complementary Currencies  J. Blanc 1-4
16D 2012 Democratizing Money: Historical Role of the U.S. Federal Government in Currency Creation Wainwright, S. 5-13
16D 2012 Selling Scrip to America: Ideology, Self-help and the experiments of the Great Depression Elvins, S. 14-21
16D 2012 Tax Anticipation Scrip as a Form of Local Currency in the USA during the 1930s Gatch, L. 22-35
16D 2012 Community Currencies as Integrative Communication Media for Evolutionist Institutional Design Nishibe, M. 36-48
16D 2012 A comparison in transaction efficiency between dispersive and concentrated money creation Kichiji, N. and Nishibe, M. 49-57
16D 2012 Does Demurrage matter for Complementary Currencies? Godschalk, H. 58-69
16D 2012 Economic Activity Without Official Currency in Greece: The * Hypothesis Sotiropoulou, I. 70-79
16D 2012 Sustainability of the Argentine Complementary Currency Systems Gómez, G. 80-90
16D 2012 Moral Money: A Case Study at the Chiemgauer Regional money Thiel, C. 91-96
16D 2012 Solidarity economy between a focus on the local and a global view Volkmann, K. 97-105
16D 2012 Stroud Pound: A Local Currency to Map, Measure and Strengthen the Local Economy Scott Cato, M. and Suárez, M. 106-115
16D 2012 Local Exchange Trading Systems in Central European post-Communist Countries Jelínek, P., Szalay, Zs. and Konečný, A. 116-123
16D 2012 An Empirical Study of the Social Effects of Community Currencies Nakazato, H. and Hiramoto, T. 124-135
16D 2012 CC Coupon Circulation and Shopkeepers’ Behaviour: A Case Study of the City of Musashino, Tokyo, Japan Kurita, K., Miyazaki, Y. and Nishibe, M. 136-145
16D 2012 A two-marketplace and two-currency system: A view on business-to-business barter exchange Young, M. 146-155
16D 2012 Emerging trend of complementary currencies systems as policy instruments for environmental purposes: changes ahead? Joachain, H. and Klopfert, F. 156-168
16D 2012 Trophic currencies: ecosystem modeling and resilient economies Brakken, M., Austin, P., Rearick, S. and Bindewald, L. 169-175
Volume 15
15A 2011 Eco-Pesa: An Evaluation of a Complementary Currency Programme in Kenya’s Informal Settlements Ruddick, W.O. 1-12
15A 2011 Time is of the Essence: The Challenges and Achievements of a Swedish Time Banking Initiative Molnar, S. 13-22
15A 2011 A Theoretical Framework for Shared Monetary Governance Jones, S.D. 23-30
15A 2011 Community Currency Research: An analysis of the literature Schroeder, R.F.H., Miyazaki, Y., Fare, M. 31-41
15A 2011 Status: The Burlington Currency Project: A History Kirschner, A. 42-55
15A 2011 Money and Participatory Governance: A review of the literature Jones, S.D. 56-68
15A 2011 Downtown Dollars: Community currency or discount coupon? Kaplan, N. 69-77
15A 2011 Communal Currencies In Venezuela Dittmer, K. 78-83
15A 2011 Calgary Dollars: Economic and Social Capital Benefits Wheatley, G., Younie, C., Alaijlan, H. and McFarlane, E. 84-89
15A 2011 2011 Book Reviews
15D Editorial 2011 (Volume 15 Special Issue): The State of the Art Longhurst, N. and Seyfang, G. 1
15D 2011 Preface 2011 (Volume 15 Special Issue): Yet Another Moment of Truth Boyle, D. 1-3
15D 2011 Classifying ‘CCs’: Community, Complementary and Local Currencies Blanc, J. 4-10
15D 2011 On The Money: Getting the message out Rogers, J. 11-16
15D 2011 Complementary Currencies in Germany: The Regiogeld System Thiel, C. 17-21
15D 2011 What Have Complementary Currencies in Japan Really Achieved? Hirota, Y. 22-26
15D 2011 Alternative Exchange Systems in Contemporary Greece Sotiropoulou, I. 27-31
15D 2011 Complementary Currencies for Sustainable Local Economies in Central America Brenes, E. 32-38
15D 2011 Community Currency Progress in Latin America (Banco Palmas) Place, C. 39-46
15D 2011 L’Accorderie and Le Jardin Universel (JEU) in Quebec Lizotte, M. and Duhaime, G. 47-51
15D 2011 Kékfrank to Boost the Resilience of Locality Szalay, Z.E. 52-56
15D 2011 The SOL: A Complementary Currency for the Social Economy and Sustainable Development Fare, M. 57-60
15D 2011 Building Local Resilience: The emergence of the UK Transition Currencies Ryan-Collins, J. 61-67
15D 2011 A Report from Vermont (USA): The VBSR Marketplace Kirschner, A. 68-72
15D 2011 Time-Banking in Social Housing Naughton – Doe, R. 73-76
15D 2011 The Colours of Money: Artmoney as Community Currency Banks, M. 77-81
15D 2011 Complementary Currency Open Source Software in 2010 Slater, M. 82-87
Volume 14
14A 2010 Editorial 2010 (volume 14) Longhurst, N. 0
14A 2010 Learning To Exchange Time: Benefits and Obstacles To Time Banking Ozanne, L. 1-16
14A 2010 The Case for Monetary Diversity Mouatt, S. 17-28
14A 2010 Stamp Scrip in the Great Depression: Lessons for Community Currency for Today? Warner, J. 29-45
14B 2010 Research Briefing: Grassroots Innovations and Complementary Currencies Seyfang, G. and Longhurst, N. 1-2
Volume 13
13 2009 13 (2009), editorial Williams, C.C. 1-2
13 2009 Time for Each Other: Working Towards a Complementary Currency Model to Serve the Anti-Poverty Policies of the Municipality of Landgraaf, the Netherlands van Kuik, M. 3-18
13 2009 Change Takes Time: Exploring Structural and Developmental Issues of Time Banking Gregory, L. 19-32
13 2009 Stiansen Endre and Guyer Jane I. (1999) Credit, Currencies and Culture: African Financial Institutions in Historical Perspective Ngoumou, T. 33-35
13 2009 The Impact of Community Currency Systems on Gender Relations in Rural Northeast Thailand: A Hybrid Social Audit-Gender Analysis Approach Walker, D. 36-60
13 2009 Chiemgauer Regiomoney: Theory and Practice of a Local Currency Gelleri, C. 61-75
13 2009 Social Economy and Central Banks: Legal and Regulatory Issues on Social Currencies (Social Money) as a Public Policy Instrument Consistent with Monetary Policy Freire, M.V. 76-94
13 2009 Josh Ryan-Collins, Lucie Stephens and Anna Coote (2008) The New Wealth Of Time: How Time Banking Helps People Build Public Services Devitt, K. 95-97
13 2009 David Akin and Joel Robbins (eds) (1999) Money and Modernity: State and Local Currencies in Melanesia de Meulenaere, S. 95-98
13 2009 Gill Seyfang (2009) The New Economics of Sustainable Consumption: Seeds of Change Graugaard, J. 99-101
Volume 12
12 2008 Editorial 2008 (volume 12) Seyfang, G. 1
12 2008 2007 Yearly Report of the Worldwide Database of Complementary Currency Systems de Meulenaere, S. 2-19
12 2008 Peter North (2006) Alternative Currency Movements as a Challenge to Globalisation? A Case Study of Manchester’s Local Currency Networks. Boulianne, M. 20-23
12 2008 Community Currency: An Approach To Economic Sustainability In Our Local Bioregion Soder, N. T. 24-52
12 2008 An Economic Analysis Of Contemporary Local Currencies In The United States Krohn, G.A. and Snyder, A.M. 53-68
12 2008 Helmut Creutz (2008) Le Syndrome De La Monnaie. Vers Une Economie De Marche Sans Crise. Blanc, J. 69-73
Volume 11
11 2007 Editorial 2007 (volume 11) Williams, C.C. 0
11 2007 Local Currency Loans and Grants: Comparative Case Studies of Ithaca HOURS and Calgary Dollars Mascornick, J. 1-22
11 2007 2006 Yearly Report of the Worldwide Database of Complementary Currency Systems de Meulenaere, S. 23-35
11 2007 The Motivations, Engagement, Satisfaction, Outcomes, and Demographics of Time Bank Participants: Survey Findings from a U.S. System Collum, E. 36-83
11 2007 Towards A Knowledge Economy Carrillo, C.I., de la Rosa, J.L. and Canals, A. 84-97
11 2007 Exploring Gender Divisions In A Community Currency System: The Case Of The Barter Network In Argentina Pereyra, F. 98-111
Volume 10
10 2006 Editorial 2006 (volume 10) Williams, C.C. 0
10 2006 Complementary Currency Innovation: Self-guarantee in peer-to-peer currencies Ardon, M. and Lietaer, B. 1-7
10 2006 2005 Yearly Report of the Worldwide Database of Complementary Currency Systems de Meulenaere, S. 8-17
10 2006 A Proposal for a Brazilian Education Complementary Currency Lietaer, B. 18-23
10 2006 Community Exchange and Trading Systems in Germany Schroeder, R.F.H. 24-42
10 2006 Argentina in the Red: What can the UK’s Regional Economies Learn from the Argentinian Banking Crisis? Cato, M.S. 43-55
10 2006 Establishing Time Based Community Currencies: Means of Measure, Exchange and Storage Serra, S. H. 56-67
Volume 9
9 2005 Has the Time for Electronic Currency Come? Imagining an E-Currency Future for Money Sharma, A.
9 2005 Helping Everyone Have PLENTY: Addressing Distribution and Circulation in an HOURS-based Local Currency System Lepofsky, J. and Bates, L.K.
9 2005 Editorial 2005 (volume 9) Williams, C.C. 0
Volume 8
8 2004 Editorial 2004 (volume 8) Williams, C.C. 0
8 2004 The Social and Cultural Capital of Community Currency, An Ithaca HOURS Case Study Survey Jacob, J., Brinkerhoff, M., Jovic, E. and Wheatley, G.
8 2004 HOUR Town – Paul Glover and the Genesis and Evolution of Ithaca HOURS Jacob, J., Brinkerhoff, M., Jovic, E. and Wheatley, G.
8 2004 Kaláka and Kör: Green money and mutual aid in Hungary North, P.
8 2004 Complementary Currencies in Japan Today: History, Originality and Relevance Lietaer, B.
Volume 7
7 2003 Editorial 2003 (volume 7) Williams, C.C. 0
7 2003 A Currency for Change? one activist’s personal view of LETS Taylor, G.
Volume 6
6 2002 Editorial 2002 (volume 6) Williams, C.C. 0
6 2002 Tackling social exclusion with community currencies: learning from LETS to Time Banks Seyfang G.
6 2002 Talente Tauschring Hannover (TTH): Experiences of a German LETS and the relevance of theoretical reflections Schroeder, R.F.
6 2002 Development at the Conjuncture of Feminism and Associationalism Powell, J.


Volume 5
5 2001 Editorial 2001 (volume 5) Williams, C.C. 0
5 2001 Mutual Credit Systems and the Commons Problem: Why Community Currency Systems such as LETS Need Not Collapse Under Opportunistic Behaviour Schraven, J.
5 2001 The Role of the Third Sector in Paving a ‘Third Way’: Some Lessons From Local Exchange and Trading Schemes (LETS) in the United Kingdom Williams, C.C., Aldridge, T., Lee, R., Leyshon, A., Thrift, N. and Tooke, J.
5 2001 On LETS and Time Dollars Cahn, E.
5 2001 Commodity Currencies for Fair and Stable International Exchange Rates Plinge, J.W.
Volume 4
4 2000 Editorial 2000 (volume 4) Willams, C.C.
4 2000 LETS and Benefit Claiming in the UK: Results of a Pilot Project Fitzpatrick, T.
4 2000 Towards an Economy in the Hands of the People: The Tianguis Tlaloc Local Currency System in Mexico Lopezllera-Mendez, L. and de Meulenaere, S.
4 2000 Reinventing the Market: Alternative Currencies and Community Development in Argentina de Meulenaere, S.
4 2000 Community-based LETSystems in Australia: Localised Barter in a Sophisticated Western Economy Liesch, P.W. and Birch, D.
4 2000 Why Do People Join Local Exchange Trading Systems? Caldwell, C.
Volume 3
3 1999 Editorial 1999 (volume 3) Irwin, G. 0
3 1999 Nouvelles formes de sociabilités ou les limites d’une utopie politique Laacher, S.
3 1999 Cercles d’échanges, cercles vertueux de la solidarité Le cas de l’Allemagne Pierret, D.
Volume 2
2 1998 Editorial 1998 (volume 2) Jackson, M. 0
2 1998 Evaluating LETS as a Means of Tackling Social Exclusion and Cohesion Willams, C.C., Aldridge, T., Lee, R., Leyshon, A., Thrift, N. and Tooke, J.
2 1998 Green Domination In Norwegian LETSystems: Catalyst For Growth Or Constraint On Development? Gran, E.
2 1998 Local Exchange and Trading Systems (LETS) in Australia: a new tool for community development? Ingleby, J.
2 1998 Corporate Barter and Economic Stabilisation Stodder, J. 1-11
Volume 1
1 1997 Editorial 1997 (volume 1) Williams, C.C. 0
1 1997 Local Exchange and Trading Systems (LETS) in Australia: a new tool for community development? Williams, C.C. 1-11
1 1997 The problem of over-accumulation: examining and theorising the structural form of LETS Jackson, M. 1-9
1 1997 Examining Local Currency Systems: a social audit approach Seyfang, G. 1-29

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What We Need to Do

We’ve spent the last six years researching the problems caused by the current debt-based monetary system and how to fix them. This is what we think needs to change to fix our broken money system:

1. Take the power to create money away from the banks, and return it to a democratic transparent and accountable process

2. Create money free of debt

3. Put new money into the real economy rather than financial markets and property bubbles

The End Goal: Democratizing Money

We think that the economy would be more stable and society better off if we transfer the power to create money from the banks back to the state, working in the public interest. These ideas have been around since the 1930s, but we’ve done a lot of work to update them for the modern financial system. You can find out more below:

Right Now: Making the Recovery Sustainable

When we rely on banks to create most of our money, then the only way of getting more money into the economy – and allowing it to grow – is to encourage people to go further into debt. But the financial crisis was caused by a huge build-up in private debt, so allowing that debt to increase even further could lead us into another financial crisis. What we need right now is to have a way of getting extra money into the economy, but without relying on households borrowing even more. This can happen if the Bank of England creates money and transfers it to the government to be spent into the real economy (rather than the financial or property markets). Read more

Report: Creating a Sovereign Money System

Sovereign Money (Cover)(Report, 56 pages) This document presents a reform to the banking system that would remove the ability of banks to create money, in the form of bank deposits, when they make loans. It would transfer the ability to create new money exclusively to the state, creating what we have termed a ‘sovereign money’ system. Read more & free download

VIDEO: Why Quantitative Easing was a waste of £375 billion

In the years following the financial crisis, the UK wasted £375bn on a failed scheme to stimulate the economy and end the recession. This was one of the biggest missed opportunities in history. Watch Now (6 mins)

INFOGRAPHIC – The Current System vs. Sovereign Money

Debt-Based-vs-Sovereign-Money-ScreenshotThis infographic shows the main differences between the current dysfunctional monetary system, and how it could be… View now

In more depth: Sovereign Money – Common Critiques

There are a number of common objections and concerns with the proposal to switch to a sovereign money system:

  1. Would there be enough credit? (Paper)
  2. Would it be flexible enough?(Paper)
  3. Other common critiques

INFOGRAPHIC: Quantitative Easing vs. Sovereign Money

QE-vs-SMC_Screenshot This infographic shows how QE was ineffective, and how the creation of sovereign money by the state would have been up to 37 times more effective in creating jobs and boosting the economy.View now…

Latest Research

Recovery in the Eurozone

Using Money Creation to Stimulate the Real Economy
Eurozone Recovery (Cover) This report shows that the European Central Bank’s Quantitative Easing programme will fail to deliver the type of recovery that the Eurozone needs. Instead the ECB could create new money and inject this money into the real economy rather than the financial markets. These alternative monetary policy mechanisms can be expected to be many times more effective than QE in boosting demand and output. More info & download

Digital Cash

Why Central Banks Should Start Issuing Electronic Money
Digital Cash This report explains how all adults could be given the option to store digital cash at accounts at the Bank of England. These accounts could be administered by private firms which compete with each other to provide payment services, debit cards and account information. Unlike traditional banks, they wouldn’t take any risk with customers funds, and wouldn’t require taxpayer-backed deposit insurance. The report also outlines some other potential benefits of adopting Bank of England-issued digital cash. More info & download

A Guide to Public Money Creation

Outlining the Alternatives to Quantitative Easing
Sovereign Money (Cover) Currently, there is a number of unconventional monetary policy proposals, also known as ‘Helicopter Money’, ‘Overt Monetary Finance’, ‘Strategic QE’, ‘Green QE’, ‘Green Infrastructure QE’, ‘People’s QE’ and ‘Sovereign Money Creation’. Our new guide will help you better understand ‘conventional’ QE, each of these various alternative proposals and its implications for the economy. More info & download

See all our research here .

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