AleksJ meinte am 27. Mar, 21:03:
Once you allow the price to depend on the buyer (not just on the seller), there is no longer much need for regional currencies. For example, if the buyer is from outside the region, the price he has to pay for a widget is higher. This is how sellers can protect themselves when they don't trust the money supplier's discipline.
Mahalanobis antwortete am 28. Mar, 03:41:
I
thought the idea was that a local is forced to pay a higher price for a local good in case he doesn't spend his money immediately. That way -- according to this "consumption is good and saving/investment is bad"-theory-- he should indirectly help himself.
AleksJ antwortete am 28. Mar, 17:16:
Nah, the way you're interpreting it, nobody would care about regional currencies. The point is that you sell at a lower price to a guy who you know is more likely to a) who will sell you his stuff for a lower price too b) spend the money locally benefiting your community c) who will continue buying from you in the future. What regional currencies do is that they increase the price of foreign goods. The upside is that the quality of goods is higher (because the producer is known, and you can go after them if they sell you bad stuff), and the downside is small market size (limiting development) and market imperfection with plenty of opportunities for arbitrage (import/export/exchange). I can easily imagine a group of high quality producers decide that they will preferentially trade with each other, each of them paying for lower risk.
Also, how different is a regional currency from sticking with schilling and having inflation?
Mahalanobis antwortete am 29. Mar, 02:34:
You
are assuming that there is some price discrimination going on (those having Chiemgauers pay less). Never heard of that before. AFAIK you can pay in local shops with euro or (vel) the community currency. The point is that only local shops -- but not supermarket chains and the like -- can participate in this payment system ("Don't buy at stores that don't accept the local currency").
AleksJ antwortete am 29. Mar, 18:28:
I'm describing my experience living in a small country with its own (ordinary) currency. Greeks, for example, upon the adoption of Euro, complain about increased prices for certain products that are now traded more easily. Price discrimination is ubiquitous in real life and isn't restricted to regional currencies: local businessmen would have two cars, a good one for selling and a bad one for buyingf. Thanks for the Chiemgauer link - there seem to be many ideas around.
