Monday, February 06, 2012

Bristol Pound: sound

1 comment:
The Bristol Pound is a good idea and I'm glad to see that a date for its launch has now been set in May this year. Given the chaos that has ensued from creating fewer currencies within the EU, doing the opposite and creating more currencies seems good sense. The Schumacher Society state the advantages very well, saying '...local currencies are a legal, but underutilized tool for citizens to support local economies. Local currencies function on a regional scale the same way that national currencies have functioned on a national scale—building the regional economy by creating a protective “membrane” that is defined by the currency itself. Local businesses that accept the currency are distinguished from chain stores that do not, building greater affinity between citizens of the region and their local merchants. Individuals choosing to use the currency make a conscious commitment to buy locally first, taking personal responsibility for the health and wellbeing of their community, laying the foundation of a truly vibrant, thriving local economy.'

Anyone who simply does not like the idea of supporting local businesses that take the local currency doesn't have to use the Bristol Pound. Personally I object to the money I spend in Bristol not circlulating here and doing more work here, so I support moves such as local currencies


A few previous posts on local currencies, community banking and related matters: