Morning Edition, July 11, 2007 · Some communities around the U.S. are busy creating their own currencies, hoping to give local businesses a chance to compete against big box retailers. The local currency in Ithaca, N.Y., is called "Ithaca Hours." They are bought with U.S. dollars and can be traded with local shops for products or services. The southern Berkshire region of Massachusetts calls its currency "Berk-Shares" and in Traverse City, Mich., the currency is called "Bay Bucks."
http://www.npr.org/templates/story/story.php?storyId=11867279&sc=emaf
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I really like the idea of this type of currency... currency that can be given and received freely without any gold or precious substances to back it up. It makes me think that the entire world isn't heading down the drain. Hopefully other cities will be able to take notice of this and implement a similar system. I want to get a chance to see this in action because I honestly can't even fathom how exactly this system works.
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