...and the Future of Civilization
", by Thomas Greco, Jr. is a fantastic book. Within its 200 some pages you'll find both the problems to our modern money system and Greco's proposed solution(s) which is primarily the idea of mutual credit, or credit clearing - where we generate the money in the system with the goods and services that we provide to the system, and investment occurs as a separate engine from the normal exchange of goods.
I really enjoyed the wired
article, and I wonder what role paypal really could play in something like Greco Jr.'s mutual credit/credit clearing system.