ALL of the money that is circulating in our community is borrowed -- directly or indirectly -- from the central banks, with interest. Here is how we could make do without that borrowed money:
Once upon a time in the village of Agville, Mayor Jacobs was about to print Agville's monthly payroll checks, when she received some bad news. The out-of-state bank holding Agville's money had just burned down. The bank accounts would get sorted out eventually, but not for several months. What could the town do?
In a flash of inspiration, the mayor printed up a cartload of vouchers that said "Good for $1 on your Agville tax bill". She then paid the town employees with these vouchers, instead of the usual paycheck. The employees grumbled, but accepted the vouchers. In turn, most local business owners willingly accepted those vouchers as payment, knowing they could use them to pay their Agville taxes or to buy goods and services from other local businesses. So the community got by, without much trouble.
The next month and the next, on payday, Mayor Jacobs printed a few additional vouchers, but mostly recycled the old vouchers that had been received in payment for taxes.
Finally one day a pile of cash arrived by courier, from the burned bank. But by that time, everyone had gotten used to accepting the vouchers and Agville was getting along just fine. Mayor Jacobs spent the pile of cash on a new roof for the town hall.
Our plan for a local currency is much more complicated than this example, but much, much, much simpler for the public. So much simpler that people generally will not even notice any difference from what they do now.
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