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Cash Crop

Erin Shaw
dollar large.jpg

Last week the newspaper with the widest circulation of any US paper printed a story about local currencies. In a brief overview of the phenomenon, the USA Today article covered Detroit Cheers, Ithaca Hours, the North Carolina Plenty, and the most successful local currency, the Massachusetts Berkshares. The story is one of the many signs that mainstream coverage of local currencies is on the rise, including this interview with the BerkShares founder Susan Witt, this Business Week article about Detroit Cheers, and the Huffington Post's take on the media's treatment of local currencies.

image: "Joe's Dollar" by Thomas Hawk on Flickr courtesy of Creative Commons licensing.

 

Comments

Local Community Currencies Unite!

Submitted by KingofthePaupers on Mon, 04/13/2009 - 07:51.
Jct: Best of all, when the local currency is pegged to the Time Standard of Money (how many dollars/hour child labor) Hours earned locally can be intertraded with other timebanks globally! In 1999, I paid for 39/40 nights in Europe with an IOU for a night back in Canada worth 5 Hours. U.N. Millennium Declaration UNILETS Resolution C6 to governments is for a time-based currency to restructure the global financial architecture. See my banking systems engineering analysis at http://youtube.com/kingofthepaupers with an index of articles at http://johnturmel.com/kotp.htm

I think

Submitted by DavidCain on Fri, 04/17/2009 - 09:12.

this is a fantastic idea.  I had never heard of local currency.  Finally, a concrete, broadly-applicable incentive to buy local. Up until now the incentives have only been guilt or trendiness, for most of the general public :)

www.raptitude.com -- The gentle art of sanity amidst civilization

THANK YOU

Submitted by Michel P. Anderson on Fri, 04/17/2009 - 11:05.
I've been interested in this for a while. Thanks for posting this!

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Truth is a free creation of the human spirt that would never exist at all if we did not generate it ourselves.

-Rudolf Steiner

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