July 11, 2008

Local Currency Mini-Conference

As BerkShares Board of Directors considers the future evolution of the program, the American Institute for Economic Research, a Great Barrington economic research organization founded in 1933, has called a mini-conference entitled "Prospects for the Acceptance of Competitive Local Currencies: The Future of BerkShares." Several eminent monetary scholars will join BerkShares board and staff on Friday July 18th from 3 to 5 pm on the AIER campus to imagine growth to a more independent currency.

BerkShares will be discussed in the context of the history of independent currencies. Speakers will then address how BerkShares could move from federal dollar backing to an index of locally produced commodities such as maple syrup, wool, wood products, local beer, field greens, and local cheese. The conference will also consider the responsibilities of a local reserve board for BerkShares, including regulatory authority, oversight capacity, and other policy-making tools. This discussion will suggest a framework for how and on what basis to issue additional currency. Finally, panelists will suggest strategies for making loans denominated in BerkShares.

Seating is limited to 75 people for this event. Please RSVP with AIER.