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Perpetuum Mobile: the vital heartbeat of any local currency system
What makes (local) money work? A comparison of 4 significant systems.
This blog compares four local currency systems—Bristol Pound, Sardex, Wörgl, and Santa Coloma's Grama—to identify what makes them successful. A crucial element is a strong engine for circulation, such as large local organizations using the currency for procurement or mechanisms like subsidies or credit.