Common Good Finance
creating ™ communities, economics for a sustainable world

Monthly Archives: March 2009

Money Is Just An Accounting System

Money is just an accounting system, keeping track of who is entitled to how much goods and services. Edwin Clarence Riegel pointed this out as early as 1944. However, most people still think of money as something physical — something that has to “come from somewhere”.
Collectively, in your local community, you indirectly borrow millions of [...]