Chapter 2.  Overview of the Local Currency

 

Capital as such is not evil; it is its wrong use that is evil.

Capital in some form or other will always be needed.

 

Mohandas Gandhi,

Indian nationalist leader known for his doctrine of nonviolent protest

 

May Our Community Print and Use Its Own Money?

 

Public Purposes of the Local Currency

 

Which "Socially-Useful" Activities?

 

Rules for the Local Currency

 

 

 

May Our Community Print and Use Its Own Money?

 

Yes.  Two sources of information in this regard:

 

www.ithacahours.org and http://en.wikipedia.org/wiki/Local_currency .

 

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Public Purposes of the Local Currency:

 

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Which "Socially-Useful" Activities?

 

The following list is not complete, because, for example, it does not include high schoolers being paid by a local currency to tutor middle schoolers.  Nevertheless, we see that a local currency could make possible many activities to improve the quality of life in a community.

 

The list is from Paul Glover's Hometown Money:  How to Enrich Your Community with Local Currency.  A local currency can help bring about many little solutions.

 

 

Big Problems                    Need Little Solutions

 

Air pollution                                    Barter

Animal extinction                            Bicycles

Child abuse                                      Microbusinesses

Child labor                                       Bioregionalism

Corporate greed                               Citizen diplomacy

Crime                                               Compost toilets

Debt                                                  Credit unions

Deforestation                                   Farmerís markets

Disease                                             Health fund

Domestic violence                           Hemp fiber

Drugs                                               Land reform

Divorce                                            Alternative fuels

Farm and soil loss                           Military conversion

Food shortage                                  Naturopathy

Fuel shortage                                   Neighborhood industry

Global warming                              Organic farms

Incinerators                                      Worker ownership

Job loss                                            Permaculture

Medical coverage                            Recycling

Oil spills                                          Proportional voting

Ozone depletion                              Recycling

Pesticides                                         Solar power

Political corruption                         Sweat equity

Poverty                                             Trolleys

Racism                                             TV turn-off

Sexism                                              Union democracy

Traffic jams                                     Urban agriculture

War                                                  Wind power

Waste disposal                                

Water pollution                              

Weapons sales

 

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Rules for the Local Currency:

 

 

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