Category: A manual for incorperated LETS
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Why Community Currency Systems such as LETS Need Not Collapse Under Opportunistic Behaviour
The Mutual Credit System (MCS) is a ‘self-help’ solution to the problem of private management of a community currency. The most widely implemented MCS is the Local Exchange and Trading System (LETS). As Michael Linton puts it: “A LETSystem is a self-regulating economic network which allows its members to issue and manage their own money…