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How not to rethink money

Posted By Larry White On February 10, 2013 @ 10:51 pm In Economic Thought,Fiat Money,Free Banking,Recommended Reading | 19 Comments

I have a book review now up on reason.com of Bernard Lietaer and Jacqui Dunne's Rethinking Money: How New Currencies Turn Scarcity Into Prosperity. I wanted to like the book more, because I too like alternative currencies. Unfortunately Lietaer and Dunne make some very crankish arguments, suggesting that the phenomenon of a positive interest rate creates problems for the economy, and that a proliferation of free currencies will ameliorate those problems.

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