Articles by Debra Efroymson
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Time as Money: Local Currencies for Healthy Communities
Debra Efroymson – TRANSCEND Media Service,
21 Nov 2011
In Japan, for instance, young people can earn hours, then donate them to their parents in rural areas so their parents can spend it on receiving care that otherwise they would pay for in yen. Time banking can help get people to share their resources and access their needs locally. Other systems involve printing of money. The money can be designated in hours, with the value being the average wage rate in that area. What is significant with both methods of using time as currency is that everyone’s time is treated as being equal.
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