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Jill Swenson's avatar

"Money makes the world go round" is an idea that Paul Glover decided to test in Ithaca, NY. Ithacahours is a local currency in which bills are in denominations of hours. Time is money, right? So a massage therapist offers a one-hour session in exchange for one Ithacahour. That bill can be used to exchange for local goods and services including produce and piano lessons, dog training or dental cleaning. Alternatives Federal Credit Union kept track of how the currency circulated in the city of Ithaca. All in an effort to see how currency could circulate in the local economy. Think globally, act locally was more than a bumper sticker.

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Jon (Animated)'s avatar

This piece beautifully captures the sentimental and practical sides of money. I completely relate to the joy of finding a forgotten fiver—pure magic! The children in my class still get their pocket money in cash...phew.

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