“Prof. Dr. Margrit Kennedy, architect, ecologist and money expert. Her pioneering book “Interest and Inflation-Free Money” was first published 20 years ago, in 22 languages. Her book “Regionalwährungen” (Regional Currencies, co-authored by Bernard Lietaer) has spawned 70 regional currency initiatives in the German speaking parts of Europe, of which 30 issued their own currency. She is the founder of the complementary curren think tank MonNetA (Money Network Alliance), founding member of the Regiogeld Association, and member of the Future Finance Commission of the World”
Future Council.” Vimeo Margrit Kennedy „Re-Inventing Money – A case for complementary currencies“
Margrit Kennedy committed herself to the search for better economic solutions for almost three decades. She co-developed practical alternatives, such as the “Chiemgauer” currency in Bavaria. She gave hundreds of talks and interviews, wrote several books and many articles.
Her first career was as an international architect, regional planner and ecologist. She worked in the USA, Scotland, Nigeria, Australia and Germany for organizations such as the OECD and UNESCO. From 1979 to 1984, she led a research faculty for ecology, energy and womens’ projects in Berlin, which was followed by a guest professorship for city ecology at the technical university in Kassel, Germany. Later she was an active member of a group that planned and established a model ecological project with 150 inhabitants at Steyerberg in Niedersachsen, Germany, where she lived until her death. In 1991, she became professor in the architecture faculty of the University of Hannover and led the department for “technical development and resource-efficient building” until 2002.
In 1982, she discovered compound interest to be a socially and ecologically significant “flaw in the money system”. She worked on solutions to the far-reaching problems caused by demand for interest on capital. She fought against the injustice of a financial economy that systematically transfers wealth to the already wealthy.
She argued money should be created to realize particular goals and that the money system should be transformed into an instrument serving everyone in society.
One result of this work is the book Interest and Inflation Free Money, which has been translated into 20 languages.
For more information about Margrit Kennedy: www.margritkennedy.de
Margrit Kennedy died at home in Steyerberg on 28 December 2013.
“Those who would like to understand how money works and in which way it influences our lives, should ask Margrit Kennedy. Through her books and lectures she uncovers a fundamental flaw in our money system, that creates social injustice and an explosive growth dynamic. Kennedy describes a possible way out of the risk prone monopoly of todays money system: the introduction of a variety of complementary currencies that can be designed to serve specific purposes, similar to the principle of diversity in nature. In a very personal way, she speaks about her odyssey through the world of money and about successful experiments, that could inspire us to prevent financial crises in the future.”