![]() But there is yet something incomplete about these. Much of what he proposed and tried to implement in the 1930’s and 40’s has been reinvented in more recent times in the form of the mutual credit, LETS, and clearing circles that have been proliferating around the world, along with extra-bank credit clearing offered to businesses by the commercial “barter” industry. That legacy would have been lost to us except for the fact that Spencer MacCallum happened to meet Riegel a year before his death, and recognized the greatness of his work and its importance to the future of civilization – to peace, freedom, and general prosperity.Riegel wrote about all of those things because, as he showed so clearly, they are dependent upon the liberation of the exchange process from the dominance of political and banking interests, and he showed how private initiative and voluntary action could achieve it. ![]() Riegel left a great legacy of writings and correspondence. ![]() As I wrote in one of my books, I’ve learned more about money from Riegel than from any other source. ![]() Throughout my career as a monetary transformer, I have drawn heavily upon the profound and insightful writings of E.
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