Local Currencies - Peter North

By matslats, 21 September, 2010

Here's the meat from Peter North's book:

  • You might have a large number of green-minded, quite self-starting and alternative people in your community, but not many locally owned businesses. LETS might be the best option.
  • You might feel that people in your area need more support, are currently excluded from the economy and involving businesses is not a priority at all. Time banking might be best.
  • You live in a community with a radical local culture and lots of alternative-minded folk who have their own lifestyle businesses. They are concerned that a local currency would be just another form of growth, commodifying what is currently shared. A paper hour-based currency might fit.
  • You are in a small town set in an agricultural hinterland, with a vibrant, locally owned high street. You can envisage a high level of local resilience, with food and power generated locally, but local business owners are quite conservative. You want to deepen your local ecnonomy. A backed paper currency should do it.
  • You have good relations with councils, regional development agencies and chambers of commerce. You live in a region with strong local identity. A regional currency, like regiogeld, might make sense.
  • money in your community is moving too slowly as a result of the recession. Banks continue not to lend. Demurrage, or rusting money might be best.

Thanks Peter.

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