DEFLATION!!! DEFLATION!!!! DEFLATION!!!!!!!!!!!

It is everywhere and it is, by any standard, THE elephant in the room.

Communities making use of a form of locally created money is a BIG ASS indicator of what is happening. Though for other reasons, something similar has already been happening in Europe particularly in Germany where communities went back to using Marks amongst themselves.  However, whether it is for reasons of “faith” in the monetary system or for reasons of dwindling disposable income, the result is still deflationary.

http://www.usatoday.com/money/economy/2009-04-05-scrip_N.htm?loc=interstitialskip

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