Sunday, June 05, 2011

Ostensible old-world option...

Localisation: can this tried and tested idea work again? "Local currency to help keep money in city's economy" [Link]. The FAQs of the Bristol Pound 'stakeholder cooperative' website seems to set things out clearly enough - here we have the 'multiplier effect' of keeping the economic activity of the area in the area, so to speak.
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Paul said...

It's an interesting concept. certainly the Lewes pound has been seen as a good thing. The Bristol idea really is one of those Sunday strokey beard moments. Will I have to wear a top hat when I go there though?

I also know that bartering is now so widespread there is actually an accounting standard on its use.

Span Ows said...

Yes, I was surprised to read there are few schemes already (Lewes, Stroud, Brixton...)

Top hat would be fine, a great trunk of a cigar might not go down too well!

re bartering - brilliant, wasn't aware of that either.