12/13/2023 0 Comments Zoom tan ithaca hours![]() This system was started in 1991 by Paul Glover, based on similar currency plans in the Great Depression as an alternative to Federal currency during the 1991 recession. You're also invited to register and join us over in The Money Conference.Ithaca HOURS is a legal currency system generally specific to Ithaca, New York. The Transaction Net site is an independent, open forum where anyone and everyone can explore new economic media, so if you know of another site that deserves attention, please let us know. A report on Simply Hours in central Ohio.Punk Planet addresses Ithaca's " Funny Money".a 21st Century Banking Alert devoted to HOURS.an article on Simply Hours in Columbus, Ohio.Virtual Ithaca presents information on HOURS and other grassroots programs in Ithaca.A comic strip depicting " Five months in the life of an Ithaca HOUR".Ithaca HOURS described by its originator, Paul Glover. ![]() The HOURs model is mentioned in an article on countering consumerism.Times article describing an HOURs program in Mendocino County, California a directory of publications relating to complementary currency systems and how the Internet can facilitate them.a glossary of money-related terms and concepts.reviews of all available Payment Methods.Pages devoted to other currency models ( Time Dollars, backed currency, national currency, LETS, and ROCS money) as well as general descriptions of how money works and how currencies can fill complementary roles in the economy.Sustainable Community Roundtable's Sound Exchange.Lots of places, some of which are present on the web, have adopted the HOUR model:. ![]() HOURS are created by fiat, so they must be carefully managed by the issuing authority to prevent inflation. No interest on HOURS, the built-in incentive to discount the futureįound in national currencies is reduced but not reversed. Pre-determine the value of everyone's time, as was attempted unsuccessfully under the Transaction: One hour of a service requiring extensive training, skill, and experience, orĮxpensive equipment, or posing high risk, may justifiably be worth several hours of lessīy leaving it to the negotiating parties to fix the number of "standard" HOURs ofĬommon service a particular service requires, one solves the problem of having to Participants may negotiate the number of HOURs to be exchanged in any particular Value so that pricing is easy for merchants. The "going rate" for an Ithaca HOUR has been fixed at US$10 estimated as Potluck meetings where main decisions are made. Given to projects deemed worthwhile for the community during the monthly community Goods or services in the local Ithaca HOURS tabloid. How Ithaca HOURS are issued: The bulk of the Ithaca HOURS are issued when someone advertises "pride of locality", a very useful ingredient in mobilizing local community Provides a good support for local artwork and landmarks, enhancing Ithaca's To many people than just electronic bits or ledger inscriptions. Less vulnerable to shocks if the national currency has a problem. ![]() Unit of account to whatever the prevailing hourly pay is. Ithaca HOURS have the advantage of - inĬase of high inflation in the national currency - to be able to revalue its
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