The following is a link of a paper which deals with Modern Monetary Theory, and electronic money by Trond Andresen. This is what he had to say
"Approximately a month back I posted a link to a working paper discussing the very (in my opinion) exciting potential of combining MMT with electronic money (= no physical currency). The paper has now been revised and fleshed out, see link
Any reactions appreciated!(Also, if there is bad English, or typos)."
Also, Trond Andresen made the point that he realized the importance of electronic money before June 2010 at least.. as the following article indicates. Incidently, his paper falls short of my evolving project of Transfinancial Economics, but it is certainly a step in the right direction. The importance of money = electronic data is absolutely vital, and could hold the key to the survival, and success of the human race......
What If the Greeks Did This?
Worldly wisdom teaches that it is better for the reputation to fail conventionally than to succeed unconventionally”– John Maynard Keynes
Here follows my proposal – comments are welcome:
* account for transactions (or run a local monetary system)* give participants an easy and fast way to find other agents in the system and what they offer (or demand).