5.2.1 Personal and national sovereignty

What is it like to be in charge? The term indicates that a nation has independent control over its currency supply when used to a national currency. Nations like the United States, the United Kingdom, and Japan have a high level of monetary sovereignty. Niger, Venezuela, and Greece are examples of countries with little monetary sovereignty. A nation is sovereign if it possesses the power to manage the supply of its own currency and the sole ability to “borrow” with that currency.

This control is directed by who or what? What aspects of the nature of money vary depending on the level of sovereignty? Agency is the important concept at the personal end of the sovereignty continuum. The will of an item to exert its membership in a broader system is referred to as agency. This is significant because a regenerative economy is started by releasing everyone’s creative potential. At the individual level, expanded agency creates the potential to participate in dynamic community- and movement-based development, just as increased sovereignty creates the capacity for a nation to participate fully in the active evolution of society and the planet.