In TIME Online, an article by Prof. Unger has appeared on regional money.
Prof. Brigitte Unger: Regional utopia
It feels good when economist (inn) en Prof. Unger as beyond the boundaries of Homo economicus gegenwartspräferierenden look out and look for utopia . Open The potential of regional funds is seen as an island certainly limited, but in the networking of many regional funds could affect regionalization as a counterbalance to globalization certainly of benefit to society or climate. The pay
of employees and workers is certainly an important key in the spread of regional benefit. Here Mr. Wünstel is absolutely right. Let's see if it again a brave mayor or mayor, as then, is a bold in Wörgl. work together better the communities, businesses, associations and local consumers, the greater the benefit to the public. But
es kann doch wirklich egal sein, ob ein Gemeindemitarbeiter oder ein Mitarbeiter in einem Unternehmen mit Regiogeld bezahlt wird, oder? Es ist mittlerweile kein Einzelfall mehr, dass in Unternehmen durch das Umsatzplus mit Regiogeld Arbeit geschaffen wird.
Nun ist die zweite Frage, wie die Kaufkraft in einer Region erhöht wird und ob die Arbeit zusätzlich zustande kommt. Das kommt nun ganz darauf an, ob die Region in allen Branchen ausgelastet ist oder ob es noch Kapazitäten gibt. Prof. Unger weist zu Recht darauf hin, dass wir nicht im Paradies leben, wie so manche Elfenbeinökonomen vermuten würde. Wer seine Augen aufmacht, sieht allerorten Potenziale und Möglichkeiten. Vielleicht weniger in quantiativer Hinsicht, also von for 2 cars, 2 TVs and such, but the fact remains that quality is much better, that better education, better air, less noise, less transport. The use of this potential depends not on whether or not additional money is created, much less credit-induced money, for which there are in this country too much rather than too little.
Gesell'sche The argument aims to ensure that a continuously high rotational speed is reached. Nothing more, nothing less. At the Chiemgau was an increase in velocity from 7 to 20 shows Since the apple is the 2003 compared with the apple in 2006. The higher efficiency in the use of existing regional purchasing power is reflected pretty clearly here.
A direct comparison with the euro is of course at first glance not so easy. What you can do, however, is that the comparison of Euro 2006 with the 1976 (which the Bundesbank has kindly already converted). Or you compare the safe side, the DM of the year 2000 with the DM in 1970. The trend is clear, because it shows steadily downward, that is, the central bank currencies are always slower.
In the period in which the euro has fallen in the orbital velocity, the velocity of Chiemgau increased.
The targeted increase in the money supply in underdeveloped regions and industries by measures of the current backup is umpteen times better than the Geldmengenaufblähung by the central banks to stop any Bush-induced crisis in the U.S..
economists need to develop an answer to the question of how the long-term real interest rate may fall into the real growth rate, without there being at low interest rates in a liquidity trap. A steady and stable velocity of circulation of this would be an excellent condition. The regional monetary approach á la Wörgl Chiemgau and give first hints on how the circulation of money can be increased without problems to a stable high level. This is organized in every sense of economics, namely with little money the fair exchange of the economy. The money supply should grow accordingly only to the growth and inflation, but today it is growing twice as fast. How to increase the money supply by 10% if the economy grows in nominal terms by only 5%? How can this for years and decades to operate this way? The same economists wonder then that this creates a lot of money trouble: Only a greed-driven inflation of the markets and then a fear-driven restraint. With the index finger on the central bank points to the evil speculators, and even has the printed money to play with them now.
regional currency has nothing to do with "prohibition of interest" but with a market-driven, rational design of action by people to help themselves. When money is the money in the regions through joint rules Kept in circulation. By terse monetary growth, there is not a firework, but there is a stable long-term development. In a free market, such regional network will only work if the bottom line is increased competitiveness. This is done through synergies arising from cooperation on the ground.
The task of economists is the phenomenon of regional money can not be supported with prejudice, but to examine empirically what is the approach to it. If the companies make more sales, consumers have their fun turn, one or the other staff are employed, then this it is worth doing anyway. If one adds to this, dass Regiogeldbesitzer bevorzugt in die Region investieren und auch mal mit 2% "Zins" (=Inflationsausgleich) zufrieden sind, dann werden das genau diejenigen genießen, die heute nach 10 und mehr Prozent Rendite trachten und dann mal zwischendurch Urlaub im schönen Chiemgau machen.
Chiemgauer 2007 
