In times of severe recession, cash can be hard to come by. To somewhat maintain their standard of living and avoid being further driven into poverty, some communities developed their own alternative currencies. These community currencies are parallel systems of exchange. They are growing in popularity in countries such as Greece, which are currently battling the failures of modern capitalism. This system, which is growing in popularity in Europe, could also be implemented in parts of the United States. The Rust Best states could benefit from the implementation of similar initiatives. We take a quick look at how….The Minskys
Community Currencies: A Ray of Light in the Rust Belt
Athulya Gopi
1 comment:
The local currencies today usually represent too much talk and to little substance. Some are no more than discount schemes for local consumers, with little or no real effect to the community. Some other are just pure nonsense...
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