The nature of money is to abstract value. That is its role. It stands in place of an actual good or service. If I fail to have the basket of potatoes you are seeking in exchange for the wool from your sheep, I can instead pay for the wool in dollars or BerkShares or Brixton […]
Susan Witt is the co-founder and Executive Director of the Schumacher Center for a New Economics, creator of the SHARE micro-credit program, and co-founder of the BerkShares local currency program.