Local Exchange Trading Systems (LETS) are a
way of trading skills, services and goods without using conventional
money. They are like a sophisticated form of barter. Under the
LETSystem you could, for example, help one member with their computer,
then use the amount you agree on in your local unit of exchange
to have your grass cut by someone else. No direct swap is necessary.
The LETSystem offers free credit! It has to.
Our little economy grows according to how much work we buy from
each other, rather than how much we consume. The wealth created
by trading within the local community stays within the community.
There is no need to worry about Treasury policies, sinking pounds,
interest rates or overdrafts.