http://m.youtube.com/watch?feature=related&v=ovuiP_Ws2p0 8 mins. How to transact with each other without fiat? Comments welcome.
Not a bad video. I like the humorous additions. I'm not sure their solution of "A Mutual Credit System" will work in practice. There will always be someone who will give less than they receive. The only incentive those people will have to give back is fear of reaching a debt cap, which was not mentioned but is clearly necessary. I don't see a difference between this system and the one that already exists. Interest (lack of) is the only thing that is really different. I like that part!