Desserting the Monetary System
June 9, 2017
LYDIA SHERMAN writes:
A year ago I began a correspondence with one of my grandchildren, who is now ten years old and home-schooled. We both created little hand drawn catalogs of goods and services for each other, including ordering forms, for things like handmade books, paintings, wildflower seeds, newsletter subscriptions, home baked goods and anything that could be sent by post or used for bed and breakfast service in each other’s homes.
Realizing we would not be always able to trade fairly without some kind of money, I made our own family money. Unlike the Fed, it cannot be created out of thin air, which is a complicated system to explain to a child. My money came from a dessert calendar.
I have since extended this money system to other family members. We aren’t allowed to hoard the money because it is used to buy things from each other. Hoarding money and then lending it out takes away the incentive to make things to sell to each other. However, we are allowed to save this money for higher priced items. We are also not allowed to inflate the price of goods and services, which would make it harder to buy.
Samples of our money here show square coins because it is easier to cut them out. Should we misplace our money, the children are free to create their own money for trade.
I have since extended this money system to other family members. We aren’t allowed to hoard the money because it is used to make it easy for people to buy things from each other. Hoarding money and then lending it out takes away the incentive to make things to sell to each other. However, we are allowed to save this money for higher priced items. We are also not allowed to inflate the price of goods and services, which would make it harder to buy.
Samples of our money here show square coins because it is easier to cut them out. Should we misplace our money, the children are free to create their own money for trade.
On the back of the money is written the rules of use, no usury allowed.
I stipulate it is okay to borrow money or to lend it at no interest. New money cannot be made out of thin air or writing a loan and demanding payment in honest money. Honest money is created to be freely passed from hand to hand and from seller to buyer without creating a bank.
However, if anyone wants the money to be backed up by something, I offer their choice of these products.
