Local Money Creates Local Wealth Outside The Bubble

By Mira Luna, Shareable.net

Local currencies generally develop for one of two reasons — the desire for local economic control (for a variety of reasons, from democracy to sustainability to social justice,) and a scarcity of national currency. In the current situation, both reasons weigh heavy.

When designed well and appropriately for the specific context, local currencies can boost a local economy and reward important work that needs to be done. Where national currency is not available because of overall scarcity or there is not enough market value for the work, local currencies can create real, tangible wealth we can see and control. Investing in community currency means investing in your community's health for the long haul, and therefore your own security and happiness.

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