It seems to be working quite well in communities that have already done this. I'm no economist but it seems that currency backed by something of real value is better than a currency backed by simple fiat. We can't keep printing money that isn't backed by anything.
Most barter currencies aren't used for full value against an item, though they can be, if the merchant so chooses. They usually are accepted as a portion of payment, so, in effect, they almost work like discount coupons.
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Originally Posted by Twoaday
The question I have is does this really "jump start" the local economy. I know it to some extents will lock customers is but at the same time doesn't it add additional overhead to businesses who have to convert this, and price items and so on?
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