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| Science Forum Index » Economy Forum » TURMEL: #2 UNILETS is an incredible-concept.com |
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| John Turmel |
 Posted: Thu Dec 22, 2005 9:29 pm |
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[quote:f8f100ad49]Date: Thu, 22 Dec 2005 00:08:20 -0000
From: "David" <timelets@tiscali.co.uk
Subject: RE: TURMEL: UNILETS is an incredible-concept.com
John, Dummy me, but:[/quote:f8f100ad49]
www.incredible-concepts.com/html/jungle_story.html
resembles 'P2B LETS or multilateral barter') rather than
'hour-based' UNILETS. Happy to be made 'wiser'. Salaams,
JCT: A 1/s LETS denominated in a national currency works in
the same way as a 1/s LETS denominated in time. Both are
values and both can be used as the numeraire, the common
value. All 1/s currency token systems deliver inflation-free
exchanges. The token doesn't matter to the equation. Only
getting rid of the positive feedback does.
Only the interest needs be abolished for the system to work.
There's no need to restructure the tax system with
demurrage. There's only the need to abolish the instability. |
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