Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Alternative Currency Pioneer Leaves Rich Legacy

Alternative Currency Pioneer Leaves Rich Legacy


Long before Bitcoin was a twinkle in its creator's eye Dr Margrit Kennedy was writing the framework for a world of alternative currency systems.

Dr Kennedy, a German architecture professor, passed away 2 weeks ago on December 28th with little fanfare, but her 1988 book 'Interest and Inflation Free Money' started a world movement in economic thinking including here in New Zealand.

Her tour of New Zealand in 2001 inspired the formation of the Living Economies Educational Trust which promotes building local economies through monetary literacy and the implementation of community currency systems.

Living Economies Chair, Phil Stevens said “Margrit was deeply committed to promoting money systems that work for the welfare of people and the planet.”

She stated that her work on ecological architecture in 1982 led her to the discovery that it is "virtually impossible to carry out sound ecological concepts on the scale required today, without fundamentally altering the present money system or creating new complementary currencies"

“Awareness of complementary currencies is increasing, thanks to the work of Margrit and others in the field, and there are now technological solutions to enable any community, interest group or even local government to start their own digital exchange systems.” Mr Stevens is also a server engineer for Community Forge, who provide open source software and free hosting for online currencies around the world.

Helen Dew, founding member of Living Economies commented that “Living Economies has come a long way since our modest beginning in 2002. Timebanks have spread throughout New Zealand, currently in 28 locations with many more in formation. Savings Pools, an interest-free savings and loan scheme unique to NZ are also gaining in popularity and interest is being expressed in copying the model in other parts of the world.

Given the mounting financial challenges experienced by local authorities, businesses and community organisations we fully expect rapid and widespread adoption of complementary currencies throughout New Zealand this year.”

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Interest Rates: Wheeler Hikes OCR To 3% On Inflationary Pressures, Eyes Kiwi

Reserve Bank governor Graeme Wheeler lifted the official cash rate for the second time in as many months, saying non-tradable inflationary pressures were "becoming apparent" in an economy that’s picking up pace and he's watching the impact of a strong kiwi dollar on import prices. More>>

ALSO:

Scoop Business: Equity Crowd Funding Carries Risks, High Failure Rate

Equity crowd funding, which became legal in New Zealand this month, comes with a high risk of failure based on figures showing existing forays into social capital have a success rate of less than 50 percent, one new entrant says. More>>

ALSO:

Scoop Business: NZ Migration Rises To 11-Year High In March

The country gained a seasonally adjusted 3,800 net new migrants in March, the most since February 2003, said Statistics New Zealand. A net 400 people left for Australia in March, down from 600 in February, according to seasonally adjusted figures. More>>

ALSO:

Hugh Pavletich: New Zealand’s Bubble Economy Is Vulnerable

The recent Forbes e-edition article by Jesse Colombo assesses the New Zealand economy “ 12 Reasons Why New Zealand's Economic Bubble Will End In Disaster ”, seems to have created quite a stir, creating extensive media coverage in New Zealand. More>>

ALSO:

Thursday Market Close: Genesis Debut Sparks Energy Rally

New Zealand stock rose after shares in the partially privatised Genesis Energy soared as much as 18 percent in its debut listing on the NZX, buoying other listed energy companies in the process. Meridian Energy, MightyRiverPower, Contact Energy and TrustPower paced gains. More>>

ALSO:

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news