We actually have the capacity to create a very different reality by enabling our energies to move more freely where they are most needed.
The new currency has a one to one parity with the US dollar, although when an individual buys into the scheme they receive 125 Ithaca dollars for their first $100 deposit. This equates to i$100 to spend in the community and i$25, which they can donate to a cause of their choosing “as a thank you for sacrificing the liquidity that you had with those US dollars,” explains Morris.
The community currency system under investigation is the Token Exchange System (TES), a component of the larger Local Economic Direct Democracy Association (LEDDA) framework under development by the Principled Societies Project.
Can we create alternatives to the Police State?
Perhaps this App can help…
We often view finance as a niche area characterised by numbers, complex graphs, and professionals wielding obscure techniques, but the sector is in fact underpinned by human relationships, power dynamics and philosophical concepts that we all intuitively understand. Realising this is a great step towards keeping the financial commons open.