However, we do see hope for ‘light intermediaries’ that are modest and preventative. Surrogate currencies recounted in the next two chapters also enlarge all the debates. These currencies compare most successfully against extremes of mobile capital (Bitcoin or hot money) since, David Woodruff explains, resistance to arbitrary economic destructiveness is perennial. Deflation is the disaster to be avoided (cf. welcomed in the scarce Bitcoin), mostly difficult to achieve –given central banks’ and austerity’s increase in inequality. Woodruff’s case is how local Argentinian authorities temporarily imposed a bonos as a surrogate local currency to pay their workers when the pesos was under a dollar-peg in the hot money crisis of 1997 to 1998. It kept council and local activities going, prevented wage theft (that Wilson also notes) and Councils accepted it as the legal means to pay local taxes. Moreover, Argentina’s economy recovered rapidly once the state regained legal monetary sovereignty over the pesos (in Knapp’s sense). Compromises ‘third party’ were made between creditors and debtors fairly with this temporary (substitute) bonos that kept economic life alive.