The Promise of Local Currency in Bottom-Up Cultures

But what if a farmer is paid by how much time he spent planting, harvesting, etc.?

Is a local currency of benefit to farmer and community? What are the advantages of local currencies?

(1) It keeps money local;

(2) It supports local business;

(3) It allows people to start a local business

(4) The currency supports the local environment and the values of the local people;

(5) It is more supportive of family needs

(6) Money will be spent locally multiple times. Because it stays in the loop, it keeps being paid, or spent. Each giving and receiving magnifies its value (according to Meredith Hall);

(7) It's not under the power of money manipulators of the "official currencies;"

(8) It can't be under the scrutiny of the overlords of the global economy (locality has the power);

(9) It's not abstracted or divorced from the local sphere; it's immediately wedded to community needs;

(10) No party from afar can steal it. What is local stays local, alive, ever circulating;

(11) It bonds the people trading to each other while tying them together in a living web;

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