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The Undercover Economist :
The economic mysteries of daily life.
It's Like Money, but With No Dead Presidents
Do "local currencies" really help the communities that use them?
(Continued from Page 1)
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.
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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.
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