KontraMantra

http://www.reddit.com/user/KontraMantra

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KontraMantra211 karma

Thank you for doing this AMA. I have three questions:

  1. How serious are you about testing/implementing basic income in Iceland?

  2. And about the work week reduction?

  3. Any thoughts on the sovereign money initiative currently being pushed in Iceland? This is potentially a major gamechanger, but I didn't manage to find any of the Pirates' comments on it.

I wish you the best of luck in the elections!

KontraMantra92 karma

Crap, it seems my previous and more detailed reply got lost. Anyway.

ELI5: Most of the money issued today is not printed by the state, but brought into existence by commercial banks when they approve loans. Sovereign/full/positive money is the idea that the power to issue all money (including that "digital") should be moved to the hands of an indepentent goverenment body. More info at: Positive money, and their awesome Youtube channel.

Edit: I hate link tags here.