Local Currencies Really Can Buy Happiness

By Matthew Cardinale*

Esha Gordon holds up Berkshare currency. Credit:Matthew Cardinale/IPS
Esha Gordon holds up Berkshare currency. Credit:Matthew Cardinale/IPS

ATLANTA, Georgia, May 30 (IPS/IFEJ) – 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 sustainability.

Local currencies existing today in the U.S. include the Humboldt Community Currency in Eureka, California; Berkshares in the Massachusetts Berkshire region; Bay Bucks in Traverse City, Michigan; Ithaca Hours in Ithaca, New York; Cascadia Hours, Corvalis Hours, and RiverHours in Oregon; Equal Dollars in Philadelphia, Pennsylvania; and Madison Hours in Madison, Wisconsin, according to the E. F. Schumacher Society, which runs Berkshares. Continue reading Local Currencies Really Can Buy Happiness