New Orleans dollars?

I heard quite a bit about this in Toronto and could really see it taking off here.  Anybody know of other places it’s been done or its impact?

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One Response to New Orleans dollars?

  1. Aaron P. says:

    I know of two other cities that have developed a local currency system: Ithaca Hours and (modeled on this one) Madison (WI) Hours. I am more familiar with the Madison model as I used to live there. The idea behind these local currencies is both to encourage money circulation within the community and also to support the idea of the living wage- one “hour” is equal to $10, which is a far cry from out current minimum wage of $7.25. Of course you need to get large community buy-in to make this currency useful, and the number of mentions of vegetarian potlucks on the Madison Hours website would seem to suggest that it hasn’t quite made it past the co-op crowd, sadly. They do have nicely designed denominations, though, with one even featuring their public library!
    http://www.madisonhours.org/currency_collectors

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