Liz McLellan:
Terrence - That is a really interesting point. I am in rural Eastern Oregon in a very small town less than 300 people, hit very hard by the down turn. We are looking at time banks, local currency and other strategies to bolster our resilience. In our discussions we keep having to process very deep trust issues which we all bring to the group having been so roughly handled out in "the free market." And yes, I keep finding myself repeating - "The currency won't solve what is essentially a social problem, how we treat, see and relate to each other. We all understand the functional aspect of currency but what we are beginning to understand is the fact that it has no "magic healing properties."

In a small town no one needs to explain reputation economics. It is how my new home works. As we work on this new way of doing things the most important thing we are doing is working together, getting to know each other and finding out where we are strong and reliable and where we need to reweave the threads...the currency and timebanks are, as I am coming to see, a way to write the rules that suit us better but also a way to talk about what was not working before.

It is not a replacement but a layer of flexibility for all of us...

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