I am not an economist

Well,

"If the state can't save us, we need a licence to print our own money" Says George Monbiot

"A little secret that will make the world fall apart" Says Avery Pennarun.

Dave Winer, "The protoblogger." writes "I am not an economist"
(Note, he wrote his blog before I did, 11th vs. 13th but I just found it today while looking for my own blog. Guess I should bookmark mine so I can find it easier.)

Seems to me that my last post was on the money, so to speak.

If the local solution to a recession/ depression is local currency, that would indicate that the monetary system as it stands is a failure. Global liquidity is money going where businesses want it to go, not where it is needed by the citizens of the country that issued it.

We don't want to end up like Zimbabwe, because their currency is worthless.

They have too much currency, and we do not have enough.

I wonder if I can buy a Zimbabwean 100 Trillion Dollar bill on Ebay yet.