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Minting money has enabled trade from the earliest times, but now some towns are going back in time to support their local micro-economy with local currencies.

Early Economics

Early in human history, goods and services were bartered - your hand axe for the berries and roots I've just gathered. As trade expanded, money developed as a more portable and durable medium of exchange. It was easier to carry metal, and later paper, tokens representing an agreed value than to transport beasts or goods across huge distances to make a swap. But the need to transport goods is the basis of our high-carbon economy, driving climate change. Transition culture offers a brand new approach to the problem. The ancient practice of minting your own money is part of a new breed of local activism, seeking ethical and sustainable living.

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