--- title: "Meaning & Key Takeaway of: We should be moving toward local…" description: "\"We should be moving toward local currencies not global or European currencies.\" — David Korten" image: "https://sms4smile.com/quotes/i/8bc/david-korten-12617_currency_we-should-be-moving-toward-local-currenc_2202015.jpg" --- # We should be moving toward local currencies not global or… ![“We should be moving toward local currencies not global or European currencies.” quote by David Korten](https://sms4smile.com/quotes/i/8bc/david-korten-12617_currency_we-should-be-moving-toward-local-currenc_2202015.jpg) [Download](https://sms4smile.com/quotes/i/8bc/david-korten-12617_currency_we-should-be-moving-toward-local-currenc_2202015.jpg) [Open image](https://sms4smile.com/quotes/i/8bc/david-korten-12617_currency_we-should-be-moving-toward-local-currenc_2202015.jpg) > “We should be moving toward local currencies not global or European currencies.” [David Korten](https://sms4smile.com/quotes/author/david-korten/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Advocates for decentralized, community‑based money systems over centralized global currencies. **In simple terms:** Support local money systems. Key Takeaway Promote local currencies. Themes economics localism currency globalization Mood optimistic pragmatic Type policy economic When to use this quote - community markets - small businesses - regional trade Key Concepts sustainable development economic resilience Questions to Reflect On - What benefits could a local currency bring to your community? - How might global trade be affected? A Different Perspective Local currencies can face liquidity and acceptance challenges. ★ ★ ★ ★ ★ No ratings yet [Currencies](https://sms4smile.com/quotes/about/currencies-370557/) [Currencies Global](https://sms4smile.com/quotes/about/currencies-global-4840745/) [Currency](https://sms4smile.com/quotes/about/currency/) [Europe](https://sms4smile.com/quotes/about/europe/) [European Currencies](https://sms4smile.com/quotes/about/european-currencies-4840746/) [Local Currencies](https://sms4smile.com/quotes/about/local-currencies-2054480/) [Moving](https://sms4smile.com/quotes/about/moving/) [Moving Local](https://sms4smile.com/quotes/about/moving-local-4840747/) [Should](https://sms4smile.com/quotes/about/should/) ## Related quotes > [“The purpose of this pamphlet is to explain how local currencies work. Alone they cannot solve all the multiple financial, social and environmental crises…](https://sms4smile.com/quotes/john-rogers/the-purpose-of-this-pamphlet-is-to-explain-how-local-currencies-work/) [John Rogers](https://sms4smile.com/quotes/author/john-rogers/) > [Not exclusively, but the bulk of our local economy should be covered by local currencies, which is more efficient than having global currencies which…](https://sms4smile.com/quotes/david-korten/not-exclusively-but-the-bulk-of-our-local-economy-should-be-covered/) [David Korten](https://sms4smile.com/quotes/author/david-korten/) > [That's probably good, all things being equal, for emerging markets, not bad, even though it may not be great for all their currencies.](https://sms4smile.com/quotes/jamie-dimon/that-s-probably-good-all-things-being-equal-for-emerging-markets-not/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [Manipulating currencies is when you're going into the marketplace and buying something in large amounts to depress the value of the currency.](https://sms4smile.com/quotes/jamie-dimon/manipulating-currencies-is-when-you-re-going-into-the-marketplace-and/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [As far as income goes, there are three currencies in the world; most people ignore two. The three currencies are time, income and mobility,…](https://sms4smile.com/quotes/tim-ferriss/as-far-as-income-goes-there-are-three-currencies-in-the-world-most/) [Tim Ferriss](https://sms4smile.com/quotes/author/tim-ferriss/) > [Information and knowledge: two currencies that have never gone out of style.](https://sms4smile.com/quotes/neil-gaiman/information-and-knowledge-two-currencies-that-have-never-gone-out-of/) [Neil Gaiman](https://sms4smile.com/quotes/author/neil-gaiman/) > [We had other currencies that we could find work in - the currencies of movements: passion, spirit, creativity.](https://sms4smile.com/quotes/bill-mckibben/we-had-other-currencies-that-we-could-find-work-in-the-currencies-of/) [Bill McKibben](https://sms4smile.com/quotes/author/bill-mckibben/) > [We saw for a time that digital currencies were radioactive to banks, but that's not the case anymore.](https://sms4smile.com/quotes/chris-larsen/we-saw-for-a-time-that-digital-currencies-were-radioactive-to-banks/) [Chris Larsen](https://sms4smile.com/quotes/author/chris-larsen/) > [Governments have a tendency to screw up currencies.](https://sms4smile.com/quotes/rick-harrison/governments-have-a-tendency-to-screw-up-currencies/) [Rick Harrison](https://sms4smile.com/quotes/author/rick-harrison/) > [Many people at different levels of the Russian government are open to crypto-currencies.](https://sms4smile.com/quotes/vitalik-buterin/many-people-at-different-levels-of-the-russian-government-are-open-to/) [Vitalik Buterin](https://sms4smile.com/quotes/author/vitalik-buterin/) > [A dollar vigilante is a free market individual who protests the government monopoly and financial policies, such as fractional reserve banking and unbacked fiat…](https://sms4smile.com/quotes/jeff-berwick/a-dollar-vigilante-is-a-free-market-individual-who-protests-the/) [Jeff Berwick](https://sms4smile.com/quotes/author/jeff-berwick/) > [People say it's a Ponzi scheme, it's a bubble. People really don't want to take it seriously. At some point, that narrative will shift…](https://sms4smile.com/quotes/cameron-winklevoss/people-say-it-s-a-ponzi-scheme-it-s-a-bubble-people-really-don-t-want/) [Cameron Winklevoss](https://sms4smile.com/quotes/author/cameron-winklevoss/) > [I think fiat currencies will become digital.](https://sms4smile.com/quotes/tyler-winklevoss/i-think-fiat-currencies-will-become-digital/) [Tyler Winklevoss](https://sms4smile.com/quotes/author/tyler-winklevoss/) > [The government is very much open when it comes to digital currencies.](https://sms4smile.com/quotes/anurag-thakur/the-government-is-very-much-open-when-it-comes-to-digital-currencies/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [We have a government that purposely counterfeits and debases the currencies, and I believe that the alternative would be a competition. That means that…](https://sms4smile.com/quotes/ron-paul/we-have-a-government-that-purposely-counterfeits-and-debases-the/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) ## More by David Korten > [Money is not wealth. Money is a claim on wealth.](https://sms4smile.com/quotes/david-korten/money-is-not-wealth-money-is-a-claim-on-wealth/) [David Korten](https://sms4smile.com/quotes/author/david-korten/) > [It is interesting to note that the 200 richest people have more assets than the 2 billion poorest.](https://sms4smile.com/quotes/david-korten/it-is-interesting-to-note-that-the-200-richest-people-have-more/) [David Korten](https://sms4smile.com/quotes/author/david-korten/) > [To create a world in which life can flourish and prosper we must replace the values and institutions of capitalism with values and institutions…](https://sms4smile.com/quotes/david-korten/to-create-a-world-in-which-life-can-flourish-and-prosper-we-must/) [David Korten](https://sms4smile.com/quotes/author/david-korten/) > [Our defining gift as humans is our power to choose, including our power to choose our collective future. It is a gift that comes…](https://sms4smile.com/quotes/david-korten/our-defining-gift-as-humans-is-our-power-to-choose-including-our/) [David Korten](https://sms4smile.com/quotes/author/david-korten/) > [More humane societies are usually smaller, like the Scandinavian countries and Holland, where it is much easier to reach consensus and cooperation.](https://sms4smile.com/quotes/david-korten/more-humane-societies-are-usually-smaller-like-the-scandinavian/) [David Korten](https://sms4smile.com/quotes/author/david-korten/) > [The EU will face problems similar to the US: an increasing gap between the citizens and decision makers in Brussels and a perceived or…](https://sms4smile.com/quotes/david-korten/the-eu-will-face-problems-similar-to-the-us-an-increasing-gap-between/) [David Korten](https://sms4smile.com/quotes/author/david-korten/) > [But in the past, US companies have been able to increase their profits through downsizing in the US, through colonizing other people's resources, and…](https://sms4smile.com/quotes/david-korten/but-in-the-past-us-companies-have-been-able-to-increase-their-profits/) [David Korten](https://sms4smile.com/quotes/author/david-korten/) > [We can have democracy and a prosperous, just, and sustainable human future. Or we can have corporate rule. We cannot have both.](https://sms4smile.com/quotes/david-korten/we-can-have-democracy-and-a-prosperous-just-and-sustainable-human/) [David Korten](https://sms4smile.com/quotes/author/david-korten/) > [There was a time in the United States when most of our financial institutions were local. Which essentially meant that local communities were able…](https://sms4smile.com/quotes/david-korten/there-was-a-time-in-the-united-states-when-most-of-our-financial/) [David Korten](https://sms4smile.com/quotes/author/david-korten/) > [If there is to be a human future, we must bring ourselves into balanced relationship with one another and the Earth.](https://sms4smile.com/quotes/david-korten/if-there-is-to-be-a-human-future-we-must-bring-ourselves-into/) [David Korten](https://sms4smile.com/quotes/author/david-korten/) > [I am in favor of increased communication and cooperation between countries, but it is more important that each country becomes responsible for its own…](https://sms4smile.com/quotes/david-korten/i-am-in-favor-of-increased-communication-and-cooperation-between/) [David Korten](https://sms4smile.com/quotes/author/david-korten/) > [There is a huge shift taking place in the global awareness in the last 5 years with strong views about globalization and the power…](https://sms4smile.com/quotes/david-korten/there-is-a-huge-shift-taking-place-in-the-global-awareness-in-the/) [David Korten](https://sms4smile.com/quotes/author/david-korten/) > [There is no visible sign that the current politicians in the US are willing to see the need for change.](https://sms4smile.com/quotes/david-korten/there-is-no-visible-sign-that-the-current-politicians-in-the-us-are/) [David Korten](https://sms4smile.com/quotes/author/david-korten/) > [My claim is that we do not have a market economy, but a capitalist economy.](https://sms4smile.com/quotes/david-korten/my-claim-is-that-we-do-not-have-a-market-economy-but-a-capitalist/) [David Korten](https://sms4smile.com/quotes/author/david-korten/) > [It will take some time before a politician will capture the imagination of the American people and have the vision and understanding to do…](https://sms4smile.com/quotes/david-korten/it-will-take-some-time-before-a-politician-will-capture-the/) [David Korten](https://sms4smile.com/quotes/author/david-korten/) [Explore all 54 David Korten quotes ](https://sms4smile.com/quotes/author/david-korten/) ## More Currency quotes > [A man walks down the street. It's a street in a strange world. Maybe it's the third world. Maybe it's his first time around.…](https://sms4smile.com/quotes/paul-simon/a-man-walks-down-the-street-it-s-a-street-in-a-strange-world-maybe-it/) [Paul Simon](https://sms4smile.com/quotes/author/paul-simon/) > [Most paper money initially existed as a substitute for gold. That's what gave it value. But right now what gives a currency value is…](https://sms4smile.com/quotes/peter-schiff/most-paper-money-initially-existed-as-a-substitute-for-gold-that-s/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [When the dollar collapses, it's not doing it in a vacuum. If the dollar loses value, it's doing so relative to some other currency.…](https://sms4smile.com/quotes/peter-schiff/when-the-dollar-collapses-it-s-not-doing-it-in-a-vacuum-if-the-dollar/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [The bitcoin network is not a payments network and it is not a scaling network.](https://sms4smile.com/quotes/sam-bankman-fried/the-bitcoin-network-is-not-a-payments-network-and-it-is-not-a-scaling/) [Sam Bankman-Fried](https://sms4smile.com/quotes/author/sam-bankman-fried/) > [I'm not in the business of bayoneting the wounded. I feel the blockchain revolution is kind of my victory. I don't care whether I…](https://sms4smile.com/quotes/patrick-m-byrne/i-m-not-in-the-business-of-bayoneting-the-wounded-i-feel-the/) [Patrick M. Byrne](https://sms4smile.com/quotes/author/patrick-m-byrne/) > [If you do more than your share you'd better want to: otherwise, you're paying yourself in a currency recognized nowhere else.](https://sms4smile.com/quotes/james-richardson/if-you-do-more-than-your-share-you-d-better-want-to-otherwise-you-re/) [James Richardson](https://sms4smile.com/quotes/author/james-richardson/) > [“Relationships are the currency of business.”](https://sms4smile.com/quotes/brian-basilico/relationships-are-the-currency-of-business/) [Brian Basilico](https://sms4smile.com/quotes/author/brian-basilico/) > [The spectacle of a great, solvent government paying a fictitious price for gold it did not want and did not need and doing it…](https://sms4smile.com/quotes/garet-garrett/the-spectacle-of-a-great-solvent-government-paying-a-fictitious-price/) [Garet Garrett](https://sms4smile.com/quotes/author/garet-garrett/) > [I had been exposed to bitcoin early. I thought the consumer application of it felt, to me, further away. I thought there would be…](https://sms4smile.com/quotes/brad-garlinghouse/i-had-been-exposed-to-bitcoin-early-i-thought-the-consumer/) [Brad Garlinghouse](https://sms4smile.com/quotes/author/brad-garlinghouse/) > [This is not really currency that circulates. It's like the old joke about expensive vintage wine. Wine prices will go up and once in…](https://sms4smile.com/quotes/michael-hudson/this-is-not-really-currency-that-circulates-it-s-like-the-old-joke/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [This separation was absolute in our original Republic. But the sky-godders do not give up easily. In the 1950s they actually got the phrase…](https://sms4smile.com/quotes/gore-vidal/this-separation-was-absolute-in-our-original-republic-but-the-sky/) [Gore Vidal](https://sms4smile.com/quotes/author/gore-vidal/) > [As far as income goes, there are three currencies in the world; most people ignore two. The three currencies are time, income and mobility,…](https://sms4smile.com/quotes/tim-ferriss/as-far-as-income-goes-there-are-three-currencies-in-the-world-most/) [Tim Ferriss](https://sms4smile.com/quotes/author/tim-ferriss/) > [The euro is not a currency. It is a political weapon to force countries to implement the policies decided by the E.U. and keep…](https://sms4smile.com/quotes/marine-le-pen/the-euro-is-not-a-currency-it-is-a-political-weapon-to-force/) [Marine Le Pen](https://sms4smile.com/quotes/author/marine-le-pen/) > [“Key Points: ● Transparency - Blockchain offers significant improvements in transparency compared to existing record keeping and ledgers for many industries. ● Removal of…](https://sms4smile.com/quotes/mark-gates/key-points-transparency-blockchain-offers-significant-improvements-in/) [Mark Gates](https://sms4smile.com/quotes/author/mark-gates/) > [In 2008, Bitcoin was mysteriously introduced to the world in an obscure, technical paper written under the pseudonym Satoshi Nakamoto. By late 2013, the…](https://sms4smile.com/quotes/steve-hanke/in-2008-bitcoin-was-mysteriously-introduced-to-the-world-in-an/) [Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/) [Browse all 1,256 Currency quotes ](https://sms4smile.com/quotes/about/currency/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "We should be moving toward local currencies not global or European currencies.", "creator": { "@type": "Person", "name": "David Korten" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/david-korten/we-should-be-moving-toward-local-currencies-not-global-or-european/", "about": { "@type": "Thing", "name": "Currency" }, "@id": "https://sms4smile.com/quotes/david-korten/we-should-be-moving-toward-local-currencies-not-global-or-european/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/8bc/david-korten-12617_currency_we-should-be-moving-toward-local-currenc_2202015.jpg", "contentUrl": "https://sms4smile.com/quotes/i/8bc/david-korten-12617_currency_we-should-be-moving-toward-local-currenc_2202015.jpg", "url": "https://sms4smile.com/quotes/i/8bc/david-korten-12617_currency_we-should-be-moving-toward-local-currenc_2202015.jpg", "width": 1080, "height": 1080, "caption": "“We should be moving toward local currencies not global or European currencies.” — David Korten", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "David Korten", "item": "https://sms4smile.com/quotes/author/david-korten/" }, { "@type": "ListItem", "position": 4, "name": "We should be moving toward local...", "item": "https://sms4smile.com/quotes/david-korten/we-should-be-moving-toward-local-currencies-not-global-or-european/" } ], "@id": "https://sms4smile.com/quotes/david-korten/we-should-be-moving-toward-local-currencies-not-global-or-european/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```