Chapter 1: What is Mutual Credit?

“Creating your own money” may sound dangerous; or even shady, but it’s far from it. In contrast to the fiat money we’re used to, or even new forms of blockchain-based currencies such as Bitcoin, Mutual Credit money is more of an accounting device that keeps track of mutual obligations. It is, if you will, a physical (or digital) representation of a... See more

First of all, let us clear some confusing terminology. Mutual Credit shouldn’t be confused with Mutual Banking, Credit Unions, or Cooperative Banking. While Mutual Credit shares similar ideological roots with the now widely proliferated concept of Cooperative Banking, the two terms refer to two different institutions. While a Credit Union is just a... See more