James Leroy Wilson's blog

Wednesday, June 02, 2010

Better Than Money

Check out my latest at The Partial Observer. Excerpt:

As I've previously written recently (1, 2) I fully support free competition in currency. This is normally interpreted as a longing for a national gold standard. But let's focus on the benefit to your neighborhood.

The E.F. Schumacher Society promotes local currencies. On this week's Invisible Hand podcast, Tracy Twyman directs us to one such experiment, the Cascadia Hour Exchange, inspired in part by the Ithaca Hours.

These experiments prompted me to suggest something similar . . .

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