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Alternatives to the current monetary system? Please discuss

Alternatives to the current monetary system? Please discuss

Understandably, debate has raged on this site about the ability of our current monetary and banking systems to cope and thrive in the current environment. Other solutions have been suggested. In the spirit of free debate about different ways to do things, I propose a debate on this issue. One of our regular posters, Iain Parker, has suggested we discuss the issue of a 'Debt Free Public Money System' as an alternative to the current Debt Based Monetary System. Iain - Could you explain for a broad audience, who probably hasn't heard of Social Credit, how such a 'Debt Free Public System' works and why it would be better than the current system?

Please keep your comment (and any replies) to less than 500 words and please link to only one external link so our auto spam system does not get the pip. Debate away.

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