Will Local Currencies Return?

David Trammel's picture

Interesting article on the return of local currencies, especially as a way to give support to people of your community during the current economic and health crisis.

Short on Money, Cities Around the World Try Making Their Own

I can see this working in a repetitively isolated community, where you don't have many out of towners coming and going. A local community would tend to keep the commerce in town not transitory. That's one of the bad things about big box commerce, they act as wealth extractors. We're going to need to reestablish local commerce and in community ownership of the stores and services, if we are going to have any resilience in our communities going forward.