Economic Resilience #5. A multiplicity of financial vehicles
Previously in this discussion of what we can do about economic contraction, we reminded each other than the economy is basically the sum total of transactions between people. At that same basic level, “money” is simply the markers we use to record those transactions. There is no mandate that transactions between people can only be counted via one kind of marker. In fact, plenty of perfectly valid and life-supporting transactions can be accomplished without any markers at all.


