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Paul Krumm pkrumm@gyldwynds.info
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Paul Krumm

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I am a semi-retired self employed business owner who designs and builds instruments and machines. Obtained a BS in Sociology (with minors in Physics and Math) in the 1960's and became interested in studying the structural violence built into our social, political and economic systems as an avocation. I live off grid with my wife in an earth sheltered home I built in rural central Kansas.

OpEd News Member for 532 week(s) and 4 day(s)

23 Articles, 4 Quick Links, 110 Comments, 0 Diaries, 2 Series, 0 Polls

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The sun rises on a new day in Kansas, From Uploaded
(1 comments) SHARE More Sharing        Tuesday, April 12, 2022
Chapter 12 Basic Money Understandings: Introducing the Importance of the Role of the Community of Users In this twelfth and final post in our series on money structure and function we relate some personal thoughts on the ramifications of the knowledge we have gained concerning how money does and can work.
Series: Basic Money Understandings:Introducing the Importance of the Role of the Community of Users (12 Articles, 18622 views)
The sun rises on a new day in Kansas, From Uploaded
(1 comments) SHARE More Sharing        Saturday, April 9, 2022
Chapter 11 Basic Money Understandings: Introducing the Importance of the Role of the Community of Users In this eleventh in our series on money structure and function we begin to consider the ramifications of the knowledge we have gained concerning how money does and can work.
Series: Basic Money Understandings:Introducing the Importance of the Role of the Community of Users (12 Articles, 18622 views)
The sun rises on a new day in Kansas, From Uploaded
(1 comments) SHARE More Sharing        Wednesday, April 6, 2022
Chapter 10 Basic Money Understandings: Introducing the Importance of the Role of the Community of Users In this tenth in our series on money structure and function we summarize the process and implications of interest-bearing transactions.
Series: Basic Money Understandings:Introducing the Importance of the Role of the Community of Users (12 Articles, 18622 views)
The sun rises on a new day in Kansas, From Uploaded
(1 comments) SHARE More Sharing        Monday, April 4, 2022
Chapter 9 Basic Money Understandings: Introducing the Importance of the Role of the Community of Users In this ninth post in this series on money basics we will discuss the nuts and bolts of interest transactions
Series: Basic Money Understandings:Introducing the Importance of the Role of the Community of Users (12 Articles, 18622 views)
The sun rises on a new day in Kansas, From Uploaded
(1 comments) SHARE More Sharing        Wednesday, March 30, 2022
Chapter 8 Basic Money Understandings: Introducing the Importance of the Role of the Community of Users In this seventh in our series on money basics we review the results that accumulate in practice from the structure described in the last posts. We offer the implications of both private bank and government based top down money systems.
Series: Basic Money Understandings:Introducing the Importance of the Role of the Community of Users (12 Articles, 18622 views)
The sun rises on a new day in Kansas, From Uploaded
(3 comments) SHARE More Sharing        Tuesday, March 29, 2022
Chapter 7 Basic Money Understandings: Introducing the Importance of the Role of the Community of Users In this seventh in our series on money basics we will review the results that accumulate in practice from the structure described in the last posts. We offer the following implications of both private bank and government based top down money systems
Series: Basic Money Understandings:Introducing the Importance of the Role of the Community of Users (12 Articles, 18622 views)
The sun rises on a new day in Kansas, From Uploaded
(1 comments) SHARE More Sharing        Friday, March 25, 2022
Chapter 6 Basic Money Understandings: Introducing the Importance of the Role of the Community of Users In this sixth in our series on money basics we will discuss government authority money issuance, and its effects on the economy.
Series: Basic Money Understandings:Introducing the Importance of the Role of the Community of Users (12 Articles, 18622 views)
Sunrise on a new day in Kansas, From Uploaded
(1 comments) SHARE More Sharing        Thursday, March 24, 2022
Chapter 5 Basic Money Understandings: Introducing the Importance of the Role of the Community of Users In this fifth of our series on money basics we will discuss the process of issuing bank authority money. Our discussion will relate to a group bank authority instead of one unitary banking authority, as that is the kind of system that we have today.
Series: Basic Money Understandings:Introducing the Importance of the Role of the Community of Users (12 Articles, 18622 views)
Sunrise on a new day in Kansas, From Uploaded
(1 comments) SHARE More Sharing        Tuesday, March 22, 2022
Chapter 4 Basic Money Understandings: Introducing the Importance of the Role of the Community of Users In this fourth in the series on money basics we will begin to address the details of top-down money. We start with money authorization and creation.
Series: Basic Money Understandings:Introducing the Importance of the Role of the Community of Users (12 Articles, 18622 views)
The sun rises on a new day in Kansas, From Uploaded
(1 comments) SHARE More Sharing        Monday, March 21, 2022
Chapter 3 Basic Money Understandings: Introducing the Importance of the Role of the Community of Users With this third post in our series on money structure and function we begin the analysis of top down authority money. In this post we will start with some history. Then we will define and describe the new functional players involved in the money creation/use universe. Then in future posts we will be able to use double entry accounting to describe authority money operation.
Series: Basic Money Understandings:Introducing the Importance of the Role of the Community of Users (12 Articles, 18622 views)
The sun rises on a new day in Kansas, From Uploaded
(1 comments) SHARE More Sharing        Friday, March 18, 2022
Chapter 2 Basic Money Understandings: Introducing the Importance of the Role of the Community of Users In this, our second post on basic money understandings, we will get into the nuts and bolts of bottom up operation, and the results of its use. As we proceed we will find that this organization is pivotal to the understanding of all fiat money.
Series: Basic Money Understandings:Introducing the Importance of the Role of the Community of Users (12 Articles, 18622 views)
Sunrise on a new day in Kansas, From Uploaded
(1 comments) SHARE More Sharing        Tuesday, March 15, 2022
Chapter 1 Basic Money Understandings: Introducing the Importance of the Role of the Community of Users This is the first in a series of twelve articles that are an attempt to gain a more complete understanding of how our money works. It has been found that the community of users of a money system has an important role in money creation and operation. Acknowledging this role, we will study how money currently works, and can otherwise, work, covering bottom-up (mutual) as well as top-down (authority-based) money systems.
Series: Basic Money Understandings:Introducing the Importance of the Role of the Community of Users (12 Articles, 18622 views)
(1 comments) SHARE More Sharing        Saturday, September 12, 2020
A New Perspective on Money and Economy Provisioning all of the users of money needs to be the prime directive of the monetary system, rather than profit, as is currently the case. The institution of interest needs to be done away with.
All about what money does,but nothing about what money is., From FlickrPhotos
(16 comments) SHARE More Sharing        Friday, October 28, 2016
Part 6, Democratic Network Money: Commons Money that Works for Us, Instead of Us Working for It In this final article of the series we summarize the first five articles, and discuss moving from our present money system to the use of more just and resilient money. Following the edict that we don't concentrate on what is wrong, but on creating something that serves those of us who use it, and promotes providing what we need and want, instead of profit, we create a new system, and let the old one go its own way.
Series: "Democratic Network Money: Commons Money that Works for Us, Instead of Us Working for It (6 Articles, 6331 views)
All about what money does,but nothing about what money is., From FlickrPhotos
SHARE More Sharing        Friday, October 21, 2016
Part 5, Democratic Network Money: Commons Money that Works for Us, Instead of Us Working for It Natural capital and human capital are not directly a part of the money system, but they are a significant part of what money is used to value, so they need to be considered in the discussion of money.
Series: "Democratic Network Money: Commons Money that Works for Us, Instead of Us Working for It (6 Articles, 6331 views)
All about what money does,but nothing about what money is., From FlickrPhotos
(1 comments) SHARE More Sharing        Saturday, October 15, 2016
Part 4, Democratic Network Money: Commons Money that Works for Us, Instead of Us Working for It Now we turn our attention to alternatives to our present money that are currently being considered.
Series: "Democratic Network Money: Commons Money that Works for Us, Instead of Us Working for It (6 Articles, 6331 views)
All about what money does,but nothing about what money is., From FlickrPhotos
(1 comments) SHARE More Sharing        Tuesday, October 11, 2016
Part 3, Democratic Network Money: Commons Money that Works for Us, Instead of Us Working for It In this third article of our series we will address the present money system that we live under. The reader will see how its structure leads to very different results than the structure of Simple Money.
Series: "Democratic Network Money: Commons Money that Works for Us, Instead of Us Working for It (6 Articles, 6331 views)
All about what money does,but nothing about what money is., From FlickrPhotos
(2 comments) SHARE More Sharing        Friday, October 7, 2016
Part 2, Democratic Network Money: Commons Money that Works for Us, Instead of Us Working for It In the first installment of this series we described simple money. In this second article we will talk about the kinds of relationships that this system engenders, and how it understands money capital.
Series: "Democratic Network Money: Commons Money that Works for Us, Instead of Us Working for It (6 Articles, 6331 views)
All about what money does,but nothing about what money is., From FlickrPhotos
(5 comments) SHARE More Sharing        Thursday, October 6, 2016
Democratic Network Money: Commons Money that Works for Us, Instead of Us Working for It, Part 1 This article is the first in a series that will define money, and then look at the different ways that it can be organized. In this first installment we will define money and describe a simple system that clarifies money operation.
Series: "Democratic Network Money: Commons Money that Works for Us, Instead of Us Working for It (6 Articles, 6331 views)
(8 comments) SHARE More Sharing        Monday, May 4, 2015
Seigniorage, Its relation to Justice, Trust and Commitment Seigniorage is something that usually only policy wonks talk about, but if we want to discuss money as a justice issue, it is a pivotal concept that needs a more general understanding. What we propose to do is go beyond the standard definition to describe and discuss the function of seigniorage in trade. We will find that it functions in very different ways, according to the way money is organized.

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