Local Exchange Trading Systems
I heard an interview on Radio Kerry about a group of people in Kenmare who are thinking of setting up a "Local exchange trading system".
I remember reading about such schemes here a number of years ago when some people in southern Germany set one up.
What are the pros and cons of such systems? I remember reading that official governments frown on such schemes and for more than the obvious tax reasons.
Do they exasperate the deflationary cycle.
I heard an interview on Radio Kerry about a group of people in Kenmare who are thinking of setting up a "Local exchange trading system".
I remember reading about such schemes here a number of years ago when some people in southern Germany set one up.
What are the pros and cons of such systems? I remember reading that official governments frown on such schemes and for more than the obvious tax reasons.
Do they exasperate the deflationary cycle.