Equity-Based Money System

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Definition

James Quilligan:

"system where creation and usage of money is based on, and determined by, existing commons assets (reserves), rather than assumed future assets (fractional reserves) based on debt and interest rates."

More Information

  1. Thomas H. Greco, Jr., "The End of Money and the Future of Civilization", 2009,
  2. overview of his work: http://www.circ2.home.mindspring.com/Money_and_Debt_Part3_lo.PDF
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