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Re: alternative b-money creation

At 10:28 AM -0500 on 12/22/98, Ian Grigg wrote:

> This is the Hiawatha Hours, as I rudely called them
> (I keep forgetting the name, sorry).  Now, these are
> working systems.  They are more or less the same as
> the LETS systems, which are sort of successful in many
> hundreds of places.

Ithaca Hours. They like LETS, are based, more or less, on Marx's "Labor
Theory of Value".

'nuff said, I figure. Stupid is as stupid does, to quote a famous Alabaman...



Robert A. Hettinga <mailto: [email protected]>
Philodox Financial Technology Evangelism <http://www.philodox.com/>
44 Farquhar Street, Boston, MA 02131 USA
"... however it may deserve respect for its usefulness and antiquity,
[predicting the end of the world] has not been found agreeable to
experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'