We Don’t Need Banks, We Need Alternative Money

In the past decade, there have been countless financial and banking crises. Names such as Lehman Brothers bank or Binance cryptocurrency exchange have become synonymous with the volatility of monetary systems. In 2013 there were national crises in America, Greece and Cyprus, where talk of national bankruptcy due to high levels of debt was commonplace, yet after the pandemic years this does not seem to be an issue for many countries – politicians who advocated for new alternative banking and monetary systems prior to this are now silent. However, discussion among scientists about a replacement monetary system has never ceased; ideas for innovative solutions can be free banking, regional currencies, bartering systems or Irving Fisher’s 100 percent money. This article will show us some alternatives and the opportunities in the future.