Guillaume's blog

Thoughts on the future of money

Posts from the “local” Category

Funding public art with community currency?

Posted on August 15th, 2009

Last week, Interactive Architecture ran an article about the Singing-Ringing Tree sculpture in Burnley, Lancashire, UK. The video resonated very much with some of my recent thinking on how public art that is part of the commons can be at the heart of community economic development. First of all, it reminded me of an interview of Douglas Rushkoff about his latest book Life Inc where he tells the story of how Middle Age cathedrals were built: The Vatican and central Rome did NOT build the cathedrals. The funds came from local currency. They were what we would now call “demurrage” currencies that were earned into existence. Towns ended up creating more value than they knew what to do with! They started investing in their…

Study finds that shopping near you is better for you

Posted on December 9th, 2008

In May 2007, Civil Economics, an economics research company specialized in sustainable prosperity has issued a research note titled San Francisco Retail Diversity Study (Full Study Executive Summary Talking Points). The main conclusion of the study is that A 10% shift in consumer spending, from chains and internet to locally owned retail, would create nearly 1300 new jobs and over $190 million in increased economic output for San Francisco. Consumers don’t have to spend more, just spend differently. Guillaume here: something not mentioned in the analysis is that more jobs and more economic output in a specific geography where you own a house means that your house increases in value (or keeps its value or decreases relatively less). In other words, by collectively chasing…