Local Money shows how local currency can help us unleash the financial power of our communities to build a resilient, low-carbon future.
In past recessions and depressions, a popular response from communities has been to create their own forms of money. The jobs aren't there, and the money has dried up, but needs remain. How can local money help communities in times of hardship and cut as much carbon out of their economies as possible?
An inspiring and practical new book, Local Money helps you understand what money is and what makes good and bad money. It draws on the considerable track record of experimentation with local money around the world and gives ideas to those in the Transition movement and beyond about what has been tried, what works, and what to avoid.
Different models of alternative currencies are reviewed, from the Local Exchange Trading System (LETS) and Timebanks that work within communities, to paper currencies such as Berkshares, German regional currencies and Ithaca 'hours' that circulate among local businesses as an alternative to their losing trade to the big-box retailers.
How can local banks and bonds help us move our cities, communities and homes on to a more sustainable footing? The book suggests how local groups can create money that can deepen resilience and support the development of things we need, such as food and power, while also reducing a community's CO2 emissions.
"If you're ready to embark on the rather exciting journey of local money in your town, this is the most helpful book I've come across so far." Make Wealth History "Transition groups and others interested in finding alternatives to big money and the big banks will find plenty to stimulate their efforts as they work to biuld a resilient economic future for their communities." Blackmore Vale Magazine
Foreword by Rob Hopkins Introduction The vision PART ONE: THE JUSTIFICATION Chapter 1 The money we have Chapter 2 What is money - and can we change it? Chapter 3 Localisation PART TWO: ALTERNATIVE CURRENCY MODELS Chapter 4 A brief history of alternative currencies Chapter 5 Local Exchange Trading Schemes Chapter 6 Time banking Chapter 7 Ithaca and other 'Hours' Chapter 8 Argentina's barter networks Chapter 9 German regional currencies Chapter 10 BerkShares PART THREE: TRANSITION CURRENCIES Chapter 11 The first Transition currency: the Totnes Pound by Noel Longhurst Chapter 12 Build the world anew: the Lewes Pound Chapter 13 The Stroud Pound Co-op: a local currency for the Five Valleys with Molly Scott Cato Chapter 14 Local money in a global city: the Brixton Pound Chapter 15 How to do it: starting and building a local currency PART FOUR: TOWARDS RESILIENT LOCAL ECONOMIES Chapter 16 Towards a deeper ecosystem of currencies and local finance Chapter 17 Some closing thoughts References Resources