http://lm.i2p/nojs/knowledge/monero-circular-economies?dismissNotice=true
Participants don’t need to constantly be moving in and out of fiat, but can keep their Monero within the system, earning, saving, and spending directly in Monero without the friction, surveillance, or restrictions of the normal economy. Circular economies are generally completely “above board” and legal, but function more as “grey markets” compared to the normal “white markets” in the fiat world. Why do we need to build circular economies?