ABSTRACT

Aristotelian myopia simply means according to each its reality and particular nature. This discusses the same epistemological problem as distinguishing between rights life and economic life, or achieving full central bank independence. From the dawn of the west with Aristotle, to Adam Smith with the Industrial Revolution, economics has been subject to a bias to the left column, all attributes of the physical world. De-linking cash and credit means letting go the idea of the multiplier, by which the creation of fountain pen money is explained. The reality involves an actual struggle between pro-banking and bank-bashing sections of the community, it is crucial to move the discussion to another level, to access another dimension. Kiva creates an interpersonal connection at low costs due to the instant, inexpensive nature of internet delivery. Local Exchange Trading Systems are local, non-profit exchange networks in which goods and services can be traded without the need for printed currency.