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I recently read a pre-release manuscript that has since been published.Rethinking Money: How New Currencies Turn Scarcity into Prosperity is easily the best book I have read this year. Financial systems and currencies are not new topical areas for me but I was pleasantly surprised and then outraged with what I learned from some case studies in this new release by Bernard Lietaer and Jacqui Dunne. Many of you reading are already familiar with the Chiemgauer, Brixton pound, and other alternative, local currencies in operation right now in the US, Germany, UK, and elsewhere. We are also regularly informed that a solution to long-term economic stagnation is to go back to gold-backed currency and that devaluation is primarily attributed to the floating currency policies initiated in the 1960s and 70s. However, these authors convincingly argue otherwise with both startling historical precedents and emergent strategies taking place in the present day.
