Tag Archives: community currency

How OpenCurrency can save Detroit

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Opencurrency.com – Detroit was one of the epicenters of the 2008 financial collapse. While its economic problems were decades in the making, the failure of two of the three largest automakers and the largest financial and housing crisis since the Great Depression combined to make a perfect storm, leaving the city in ruins. Unemployment is rampant, housing prices have gone subterranean and the city just announced that it will file for bankruptcy.

The news is not all bad. Like any other economy, the bottom formed by a depression represents an opportunity for assets to be purchased cheaply and managed better by new owners. Local writer Karen De Coster has kept a record of the many new projects underway, including an urban agriculture project, building preservation projects and even private police forces. These and a hundred other grassroots efforts are slowly rebuilding the city.

In order for the recovery to take hold, Detroit needs what every economy needs to grow: capital accumulation. That’s where Open Currency can be a game changer. Instead of accumulating U.S. dollars that are losing value, Detroit’s recovery could accelerate geometrically if built upon sound money.

Adrian Moore: Privatized Cities Are Perfect for Local Community Currency

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Adrian Moore vice president of policy at Reason Foundation joins Open Currency Update with Kurt Wallace for ‘Adrian Moore: Privatized Cities Are Perfect for Local Community Currency’. As a professor of economics and policy leader in privatization Adrian Moore discusses the privatization of cities like Sandy Springs, GA and the benefits it has brought. He also weighs in on how these privatized communities are ripe for a strong local currency system.

adrianmooreAdrian Moore leads Reason’s policy implementation efforts and conducts his own research on topics such as privatization, government and regulatory reform, air quality, transportation and urban growth, prisons and utilities.

Moore, who has testified before Congress on several occasions, regularly advises federal, state and local officials on ways to streamline government and reduce costs.

Listen Here

h/t OpenCurrency.com

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