How Is That Different from the Original PLENTY?
The original PLENTY organization gave itself the ability to create PLENTY out of nothing and issue them into circulation. They attempted to both create a currency, and create value. However, when you think about it, it’s clear that creating a paper currency and creating real economic value are two different things. It only works for our Federal Reserve Notes because the government collects taxes in Federal Reserve Notes, and the presence of “legal tender laws” that put the force of law behind our paper currency. The original PLENTY, while started with the best intentions, suffered from “circulatory failure” when the majority of these newly created PLENTY ended up at the store that best met the needs of local customers — the co-op grocery. Clearly, everyone needs food, and when new PLENTY members received their “free money” the first place they went was the grocery store. Unfortunately, the grocery had too many suppliers who didn’t accept PLENTY, and they were unable to exchange their p
