Monday, November 10, 2008
More on Local Currencies
There is a long and interesting history of local currencies. I don't know much about what it takes to make it work. There are and have been successful systems. It's legal. . It might be something important to evaluate. Let me know what you think!
These two sites offer much insight.
http://www.berkshares.org/index.htm
Currency system presently functioning in Massachusetts.
http://www.smallisbeautiful.org/local_currencies.html
Site dedicated to ideas and systems inspired by E.F. Schumacher, author of
"Small is Beautiful: Economics As If People Mattered"
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Somewhere back in the mists of antiquity -- 10-15 years ago -- some of us were kicking the idea around. The question arose -- who's gonna administer it? Who's gonna pay the administrator?
Looking at the Ithaca Hours site several years ago, I noticed that you would have no trouble getting a massage or your yard cleaned using alternative currency. But necessities -- like gasoline, food, and paying the electric bill -- still require "real" money. However, if "real" money collapses, then it's a whole new ballgame. Can alternative currency work as long as "real" money still has value? This is a worthwhile topic to start kicking around again.
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