Alternative currencies are counter-cyclical, meaning they become more important in times of recession. It's a great time to be involved in the whole area of community finance, so I picked up a copy of Funny Money to find out a little more.
The book charts David Boyle's visits to various alernative currency projects, mainly in the US, meeting the organisers and the beneficiaries. He visits Ithaca Hours, Edgar Cahn's Washington time bank, and the Schumacher Society's Berkshares programme, among others. Each is an intriguing experiment in finance, often run on a shoestring or by volunteers. The community around the project is always as important as the project itself.
Boyle has chosen to write it partly as a travelogue, so there are digressions, descriptions or observations, and detailed conversations. Some of this is amusing and insightful, some of it is tangential and I found myself skipping ahead. The book is also ten years old now, and many of the projects will have grown beyond recognition or folded.
But, it remains a good introduction to pioneering new currency, and will be inspiring to those now considering similar experiments. It's also a fascinating exploration of the nature of money. After all "if its creation is so simple that banks and governments can do it", says Boyle of money, "we may be entering a world where we can all do the same thing for ourselves."