Local Money – What Difference Does it Make?
By John Rogers, 2013, 64 Pages, Digital Download
Local Money explores the practical differences between national and local money. How do each currencies work, and what are the advantages to building a local resilient currency?
If you are lucky enough to have a local currency, find out why you should join it. If you don’t, you might be inspired to start one!
Local money has been used for hundreds of years throughout the world, yet few of us understand what it’s all about. We all use money to exchange goods and services. But when jobs and money are in short supply it’s largely because 97% of national money is controlled by the private banking industry. They trade, gamble and invest money where they can earn the biggest profit. Then when the banks get into trouble, it puts the wealth of ordinary people at risk as well.
By contrast, local currencies are owned by the community. They are designed to support local businesses, local jobs, local producers and services, local crafts and artists, community initiatives, charities, volunteers, etc. They create strong social networks and ensure that the community thrives even in a recession. By creating Local Money, they protect it from speculators who will only invest if there is a profit to be had.
Local Money Review:
“Must-read. I found it clear, concise, assertive, inspiring and timely. Miraculously, John Rogers has distilled everything you need to know on this subject into this very easily digested little tome. Seriously impressive. I recommend it to Transition Initiatives and community groups anywhere that are looking at reasserting control over their local economy.”
– Ben Brangwyn, Transition Network