Monday, April 6, 2009

Huffington Blog Gets It Right On Local Currencies

The far-left Establishment blog The Huffington Post posts comments on a USA Today article on local currencies. The newspaper and the blog tell of 75 communities and areas within America that print and use these "mini-currencies". You can read the Post's article HERE.

The newest one, accoridng to both, is the Detroit Cheers. According to Louis Aguilar of The Detroit News, three local business owners started this plan, and over a dozen stores agreed to accept this local currency. With an unemployment rate of 22.2%, the city needs all the help it can get. It's a step well taken and in a Distributist direction as well. You may read the article HERE.

More and more, Americans are tuning in to the insights Belloc, Chesterton and their legitimate successors promoted decades ago. Movements like local currencies are a part of bringing a Distributist America to life. Let's support actions like this in our own communities, and help stop the economic gangrene our so-called leaders have infected us with.

1 comment:

King of the Paupers said...

Jct: Best of all, when the local currency is pegged to the Time Standard of Money (how many dollars/hour child labor) Hours earned locally can be intertraded with other timebanks globally!
In 1999, I paid for 39/40 nights in Europe with an IOU for a night back in Canada worth 5 Hours.
U.N. Millennium Declaration UNILETS Resolution C6 to governments is for a time-based currency to restructure the global financial architecture.
See my banking systems engineering analysis at http://youtube.com/kingofthepaupers with an index of articles at http://johnturmel.com/kotp.htm