The Missing Monetary Element (v1.2)
·8375 words·40 mins
A discussion of various monetary issues.
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.
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.