This is great stuff...
He assumes price-setting is "he who can achieve the lowest price and defend it." The error here is small businesses on the specialty level are the ones who set prices high, not low, and can defend it.
Lots to chew and absorb... think of it: an alternative currency, in which SMEs extend asset-backed credit among themselves and no interest, and then covert to dollars in bulk to settle debts denominated in dollars. It is counter cyclical for Gresham's law, that is in inflation it retreats, and deflation is advances. This is a wonderful discovery, and possibly how the Swiss were economically able to withstand the Nazi interferences during WWII. Much here to chew, to learn.
Feel free to forward this by email to three of your friends.
The possibility remains that barter may have forced greater flexibility in network members' cash prices. But since WIR'sNow careful reading this... the fellow is analyzing the WIR for one purpose and using common definitions. To derive the most benefit, you must translate the words he is using into correct usage.
bylaws restrict membership to small and medium businesses (Defila 1994), members will usually have comparatively little
price-setting power.
He assumes price-setting is "he who can achieve the lowest price and defend it." The error here is small businesses on the specialty level are the ones who set prices high, not low, and can defend it.
Lots to chew and absorb... think of it: an alternative currency, in which SMEs extend asset-backed credit among themselves and no interest, and then covert to dollars in bulk to settle debts denominated in dollars. It is counter cyclical for Gresham's law, that is in inflation it retreats, and deflation is advances. This is a wonderful discovery, and possibly how the Swiss were economically able to withstand the Nazi interferences during WWII. Much here to chew, to learn.
Feel free to forward this by email to three of your friends.
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