A Currency of Time
The Echo Park Time Bank, nestled deep in East Los Angeles, has proposed an alternative means of how we as society exchange goods, services, and ideas. Rather than use a superfluous money system based on the worth of economies, the Time Bank seeks to value the worth of individuals.
For every hour an individual spends helping another individual out, they get one Time Dollar. This Time Dollar can then be used in exchange for the services of others, making Time Dollars a more indicative concept of how much labor is really worth.
There are 65 Time Banks in the U.S., and over 300 throughout the world. To see if there's a time bank in your area, or to just glean more info, check out The Echo Park Time Bank's website.
Story suggested by Lewis Kofsky.
Image: "Local Street Market" by JeeJe on Flickr, courtesy of Creative Commons Licensing.Tweet