Slowing time or expanding space?

[skypunter]

Anyone familiar with a theory that the universe is not expanding, but that time is accelerating, resulting in an apparent red shift of light emitted under an earlier and slower universal clock?

 

[Coin]

Anyone familiar with a theory that the universe is not expanding, but that time is accelerating, resulting in an apparent red shift of light emitted under an earlier and slower universal clock?

It's not really related to this thread but here's an old thread on it. I especially recommend this paper which marcus links in that thread and which is as far as I know where the theory is outlined.