Quote from: apetersson on April 16, 2012, 08:39:16 PM

People have no EUR because of too much debt? give them a 300 EUR loan and tell them its not really EUR its now called TEM!
that will fix the economy.

it's the helicopter effect of giving money away in a new system of money. a certain cryptocurrency you may or may not be familiar with is in the process of doing the same thing right now.

Quote

ok, i'm half-joking here because its an intrest-free loan which only circulates locally. maybe it helps some people to get food on the table for some time.

I have not delved into it, but it does not appear to be a loan. "It works as an exchange system. If you have goods or services to offer, you gain credit, with one euro equivalent to one TEM."

Quote from: 3phase on April 16, 2012, 05:27:56 PM

It's a zero sum currency. There are as many TEM debits as there are TEM credits at any time. The fact that everyone has a 300 TEM credit limit (they cannot spend more than that without acquiring some), makes it inflationary by design.

Could you explain what you mean by zero sum? And perhaps expand on "inflationary by design"? If they had said, "we will start with 10 quadrillion TEM and give a 300 TEM credit to each person who signs up" is this system more or less inflationary than one that just adds 300 credits to the economy for each person that signs up?

Quote

Apart from personal barter of products and services, it doesn't offer much of a benefit.

Isn't this the absolute foundation for money?