Mutual Credit Systems[]
Local Exchange Trading Systems (LETS) and other "credit commons" help local people give each other credit to energize local economic activity. Commercial barter exchanges and mutual credit systems like the non-profit Swiss WIR (founded in 1934) do the same for businesses playing a vital role during economic downturns.
Instead of: Leaving businesses and communities that have goods and services to exchange at the mercy of the flow of credit from institutions that stop lending during economic slowdowns.
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