Finance

Mutual Credit - Foundation of a stable money supply

The Alberta Buck is a proposal for wealth-backed Mutual Credit – the measurement of wealth, and the direct issuance of liquidity with a claim on that wealth.

Gregory Gundersen's Hierarchy of Money is the clearest village allegory of how stone-money becomes bank-money becomes fiat. The Hierarchy of Money: Stone and Basket sets his chapters beside a gold village that issues paper BUCKs at two-thirds of members' insured stock, then NRGY, FOOD, LABOR, METAL and WOOD villages that join a shared basket – so Commodity, Credit, and Claim money can be read in the same order, side by side.

Most importantly, no "interest" is required to maintain a value-stable, sound money supply. This has profound consequences across civilisation and finance.

Alberta is uniquely positioned to lead research, development and implementation of this at scale.