Francis Ayley on Using Local Currencies for Replacing Scarcity with Trust

From P2P Foundation
Jump to navigation Jump to search

= Francis Ayley established over a dozen local currencies in the UK before moving to the U.S. He contrasts our standard, scarcity- and debt-based money system with local currencies in which "there's always as much as you need." Local currencies like his Fourth Corner Exchange issue money when members trade goods and services. Communities with local currencies will be less affected when recession or depression hits the mainstream economy.

Video interview via http://www.youtube.com/watch?v=Aflp7jC1Yuw