"Not exclusively, but the bulk of our local economy should be covered by local currencies, which is more efficient than having global currencies which lose connection with reality in the markets, shops and communities of the people"
- David Korten
About this Quote
This quote by David Korten suggests that regional economies should be supported by regional currencies, instead of global currencies. This is because regional currencies are more effective and have a better connection with the reality of the markets, shops, and neighborhoods of the people. By utilizing local currencies, people are able to better comprehend the worth of their cash and how it is utilized in their regional economy. This helps to produce a more stable and efficient economy, as people have the ability to much better comprehend the value of their money and how it is used in their regional economy. Furthermore, local currencies are more likely to remain steady, as they are exempt to the very same fluctuations as international currencies. This helps to ensure that the regional economy remains stable and effective.