LOCAL COMPLEMENTARY "ORGANIC" CURRENCIES Whom ever issues the money is the Sovereign. However, money that results from debt is unsustainable. Recent events i...
Is your community having problems with getting your local currency to gain traction, to have a significant amount of usage? In the USA and many countries in the West, local currencies have had a ha...
A relatively new financial tool is emerging that could greatly strengthen the sharing movement. The tool is local currencies, which are popping up in cities across the globe. The Boston Bean is one of the newest U.S.
SXSW 2013. Douglas Rushkoff is a media theorist most well known for his documentaries 'The Merchants of Cool' and 'Generation Like', and his brilliant book ...
If you've been following recent headlines about alternative currencies, you probably find them ... villainous. Last month, a Manhattan jury found Ross Ulbricht, otherwise known by the pseudonym “Dread Pirate Roberts,” guilty on seven counts, including narcotics distribution, identity fraud, and money laundering. Ulbricht also faces charges in Maryland regarding murder for hire.
In Small Town Decline: 1920s & the Rise of Chain Stores, I wrote about how locally owned shops keep on average 3.7 times more money in the local economy than their chain store counterparts, an important benefit to be encouraged and supported. But as compelling as this number is, our family finds that on a practical levelbacking up our localist principles with our wallets is not always easy. Why? Well, as with most families, the Golbabais operate within a fairly strict budget. From groceries, to clothes, to books and entertainment – the very reason chains, and now the Internet, have been so successful is that they are able to, in reality or simply in perception, offer cheaper prices than the local competition. Yet patronizing these chains in lieu of local stores in the long term leads to poorer, clone towns.
California recently passed an amendment to make the use of alternative currencies easier, and New York may soon make a similar move. Don’t make the mistake of assuming this matters only to hippies.
The Spanish city wants to follow the example of another European locale and create its own currency to keep money in the local communities. But will it work?
Greece released a bit of amusing econ data on Thursday, as the country’s statistical authority claimed GDP grew by 0.8% in Q2, well ahead of estimates of a 0.5% contraction. While we suppose it’s feasible that things weren’t as bad in Q2 as they have been since (capital controls weren’t in place during the quarter), we think you’d be hard pressed to find anyone in Greece who thought things were looking up for the economy heading into the referendum. In any event it doesn’t matter, because as WSJ notes, the fiscal retrenchment enshrined in the country’s third bailout program combined with the generally poor outlook means Greece faces a two-year recession - at least:
Barcelona Officials Plan Alternative Currency The New American The Bank of Spain, the Spanish central bank that has now been subordinated to the controversial European Central Bank (ECB), blasted the idea as “impossible in addition to being...
A startup local currency has just launched the Ithaca dollar in Ithaca, NY, designed to not only promote investment in local businesses and bring the community together
The village of Kolionovo has a reputation for independent mindedness and upsetting the authorities. Now they’ve created their own currency - the koliony.
““When people think of Brixton, too many think of gangs, drugs, and riots. We’re trying to turn that notion on its head.” That’s what Tom Shakhli, the general manager of the Brixton Pound, told me when I visited the team office at Lambeth Town Hall. A storied district in the middle of South London, Brixton is indeed an atypical home for a thriving local currency. As Tom notes, other local currencies in the U.K. are succeeding in suburban neighborhoods full of “hippies.” By contrast, the 5-year-old Brixton Pound is humming in one of the U.K.’s most diverse and dynamic neighborhoods, the heart of Black Britain, heavily hit by the recession.
Where mainstream finance is failing local economies, circular economy schemes from local currencies to crowdfunding are appearing, says Rosalinda Sanquiche
A growing number of communities are using alternative currencies to stimulate their local economies and protect themselves from the nation's broader economic woes.
Tweet In September 2014, Scotland will hold a referendum to decide whether to separate from the UK. A major question concerns which currency an independent Scotland would use: the pound, the euro, or a new Scottish currency? If an independent Scotland … Continue reading →
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