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MNN- Solutions, Creating Community Economies with Local Currency HOURS

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Uploaded by on Nov 28, 2008

Others:
http://www.lightlink.com/hours/ithacahours/otherhours.html

Among the many tools for rebuilding economies is local currency. Ithaca has pioneered this process with Ithaca HOURS (one HOUR = $10.00). Millions of dollars worth have been traded since 1991. Connecting people rather than controlling them, community cash releases the creativity of area residents to trade more ecologically. Grants are made to community organizations. Loans are made, interest-free. Local government itself could be funded increasingly by local money. With extra money committed to regional development, we're more able to purchase local organic food, solar power, local crafts, energy efficiencies, and holistic health care.

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  • This is BRILLIANT. I'd heard whispers over the years about Ithaca Hours, and wanted to know more... Thanks for the post!

    That said, the clips are from the '90s. Across the four years covered here, they were growing in popularity... Where do Ithaca Hours stand today? There were about 30 local currencies in the final report - how about now? Are there more, less?

    This is a FANTASTIC idea, and I'd love to see it catch on in my hometown, too!

  • This is awesome!!!!!

    

  • that is awesome!

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