The Ithaca Hour, Calgary Dollars, local currencies could boost economy!

Discussion in 'Finance' started by DennisTate, Apr 11, 2014.

  1. DennisTate

    DennisTate Well-Known Member Past Donor

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    In theory..... local currencies could play a significant role in boosting local economies..... Especially in rural areas!

    http://en.wikipedia.org/wiki/Ithaca_Hours

     
  2. DennisTate

    DennisTate Well-Known Member Past Donor

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    Here is an excellent article on this option......

    http://money.cnn.com/2012/01/17/pf/local_currency/index.htm?iid=F_Jump
    Local currencies: 'In the U.S. we don't trust'
    By Blake Ellis @CNNMoney January 27, 2012: 11:13 AM ET
     
  3. DennisTate

    DennisTate Well-Known Member Past Donor

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    The Worgl, Austria local money experiment set in motion a series of events that
    led to President FDR initiating The New Deal.

    http://www.whatcomwatch.org/php/WW_open.php?id=717
     
  4. DennisTate

    DennisTate Well-Known Member Past Donor

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    One possible variation on alternative currencies could involve a "micro-nation"
    that initiates treaties..... that have artistic value.....
    and the micro nation currency note could serve as a prop in a series of proposed
    semi-reality science fiction films set in another time period.
     
  5. DennisTate

    DennisTate Well-Known Member Past Donor

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  6. DennisTate

    DennisTate Well-Known Member Past Donor

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    In the town of Canso, N. S. two families were making 95% or so of the profits from the fishing industry. Dr. Moses Coady got the fishermen to form a cooperative....... market their own fish....... and all of a sudden real income surged for most members of the community.

    They organized something similar for farmers as well. There was no net growth really.... just a more fair distribution of wealth within all the people who were producing that wealth.

    The Antigonish Movement produced a shift in the economy of Nova Scotia from being
    surprisingly FEUDAL........ where one percent of the population had 95% of the wealth.......
    to a situation where 80% or more of us can eat steak just as often as those one percenters do!


    I wonder what could happen if the Coop movement was combined with local currencies????

    https://en.wikipedia.org/wiki/Antigonish_Movement
     
    Last edited: May 4, 2018

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