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cma
on Aug 11, 2020
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Mon Valley communities test “time credits”, a new ...
Paul Krugman has written on them long ago. I think there were things like runs on the bank and people hoarding babysitter hours, stalling out the system, and all kinds of emergent problems.
maxwell
on Aug 11, 2020
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Interesting, I ducked around a bit and couldn't find anything from Krugman on time banking. Like bitcoin, time can't be inflated/deflated.
cortesoft
on Aug 11, 2020
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This is the famous Krugman article:
https://slate.com/business/1998/08/baby-sitting-the-economy....
floatrock
on Aug 11, 2020
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2014-era Planet Money also covered it:
https://www.npr.org/transcripts/291485828
owenversteeg
on Aug 12, 2020
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That is a great simple explanation of the economy, thank you!
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