By Tom on
8/27/2010 12:29 PM
Two articles caught my ire, uh eye, the credit union and new governance.
Giving up on making a new credit union makes a lot of sense and dashes a lot of hope. I believe I have let it be known that the primary merit of a local CU was the high degree of cooperation it would engender. Point being that the strictly dollar merit of our very own CU would likely evaporate when the shock waves of assorted disasters reach the Pacific Northwest. Hyperinflation for example. Point being that we-all would have learned how to cooperate, specifically how to trade without dollars. I could point out that any one of us could already be in a CU if they chose.
Margot Boyer and Bob Powell with clarity and grace have laid out the case for a new governance. I wish they had included the word survival. Implicit in their case is an immediate future of stability. Ferry rates will continue to rise gradually, but without catastrophe. Groceries, same. Energy, same. This is dreamland. We are a bedroom community bereft of all...