It's Like Money, but With No Dead Presidents
Do "local currencies" really help the communities that use them?
That is possible. I live near a determined, community-minded entrepreneur who owns the local cafe, the sort of person who helps to get community currencies started. But rather than minting a Homerton dollar, she has founded a traders' association and is trying to set up a street market. I think she has the right priorities.
Tim Harford is a Financial Times columnist. His latest book, The Logic of Life, will be published in paperback on Feb. 10.
Photograph of BerkShares by Darren McCollester/Getty Images.