The LETsystem
2002-10-14 03:48 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
archershipsThe LETsystem
A local currency that works
by Michael Linton
Governance (In Context #7) Autumn 1984, Page 60
http://www.context.org/ICLIB/IC07/Linton.htm
"A LETSYSTEM, or Local Exchange Trading System, is a new economic organization applicable to any community. It is a self-regulating economic network which allows its members to generate and manage their own (completely legal) currency system independent of and parallel to the federal money system. It offers communities everywhere the tools to stabilize and support their local economy without diminishing their participation in the whole. It allows members of the local community to exchange goods and services on a "green dollar" basis when federal dollars are scarce or unavailable."
A local currency that works
by Michael Linton
Governance (In Context #7) Autumn 1984, Page 60
http://www.context.org/ICLIB/IC07/Linton.htm
"A LETSYSTEM, or Local Exchange Trading System, is a new economic organization applicable to any community. It is a self-regulating economic network which allows its members to generate and manage their own (completely legal) currency system independent of and parallel to the federal money system. It offers communities everywhere the tools to stabilize and support their local economy without diminishing their participation in the whole. It allows members of the local community to exchange goods and services on a "green dollar" basis when federal dollars are scarce or unavailable."