WorldingChanging.com - Cathy Tuttle - Even prior to the economic breakdowns we are now experiencing, economists who study globalization found that only about 20 percent of the money we spend in chain stores stays local, while the other 80 percent quickly zips back into the global market of manufacturers, distributors, transporters and investors. Spending your money in a locally owned business has the inverse effect, with 80 percent of money you shell out bouncing around for a while in local wages and suppliers.
TIme Magazine - Judith Schwartz - With local economies flailing communities across the U.S. are trying to
drum up more action on Main Street. "Buy Local" campaigns are one way to go.
But many towns--from Ojai, Calif., to Greensboro, N.C.--are considering
going a step further and printing money that can only be spent locally.
Wall Street Journal Online - WSJ's Andy Jordan spends time in the Berkshires to see how locals make the case for "slow money" with their own local currency, "The BerkShare".
Yes! Magazine - Judith Schwartz - Local currencies value time, build community, and keep business moving even when credit dries up.
La Voz del Interior - Los “bonos” surgieron de iniciativas privadas para hacer frente a la crisis. Permiten sostener el consumo minorista.
“Piense en cómo le gustaba, o aún le gusta, usar el dinero del Monopoly. Es divertido usar algo distinto a los dólares como medio de intercambio y más si hay cientos de comercios y proveedores de servicios que efectivamente lo aceptan”.
Time.com - Judith Schwartz - "Buy Local"—you see the decal in the store window, the sign at the farmer's market, the bright, cheerful logos for Local First Arizona, Think Boise First, Our Milwaukee, and homegrown versions across the states. The apparent message is "let's-support-local-business", a kind of community boosterism. But buying close to home may be more than a feel-good, it's-worth-paying-more-for-local matter.
Inter Press News Service - Matthew Cardinale - In the face of an economic system which seems to be premised on environmental harm and profit-driven growth, a
handful of communities across the U.S. and the globe have begun
experimenting with alternative forms of local currency as a pathway to
Measuring Up - Have you heard about BerkShares? I first learned about it Sunday night on this ABC News segment. This alternative currency named after the region for
which it was originated in Western Massachusetts (Berkshire County) has
caught on like wildfire. And, I can see why.