Local Economy A local currency provides real support for our local economy and the unique goods and services it provides. This boost to local commerce safeguards jobs, keeps our locally-owned businesses thriving, promotes the production of local goods and services and differentiates our local culture from big-box stores and “Generic Americana.”

Sustainability The local economic model promoted by the PLENTY affords greater use of recycled materials, locally available material, and renewable resources. Decreasing the distance between producers and consumers reduces the need for long-distance transportation. Keeping our downtown businesses and local markets vibrant also preserves the options of walking, cycling, and busing to nearby stores.

Community Members seek each other out, meet face-to-face, and get to know their neighbors. The PLENTY allows the “small town values” of neighborliness, generosity and self-reliance to blend with our community’s traditional support for diversity, social justice, and responsible development.

Benefits of a Local Currency

Spending Local Currency Spending US Currency
The Local Economy
  • Promotes buying from local stores and from neighbors, keeping jobs here.
  • Fosters the local production of a greater variety of goods and services to meet local demands.
  • Makes our economy more dependent upon ourselves. We have greater control.
  • Keeps money within the local economy.
  • Promotes buying from distant locations, including the Internet, catalogues, and chain stores.
  • Forces local production of only those things that are competitive in a global market.
  • Makes our economy more dependent on people and events outside of our control.
  • Lets money quickly leave the local economy.
The Environment
  • Encourages use of local resources and local production.
  • Results in less pollution and less energy used for shipping.
  • Ensures that materials will be used in line with local laws and values.
  • Favors disposing of waste in environmentally sound ways.
  • Makes consumers aware of the impact of their consumption.
  • Encourages use of global resources and distant production.
  • Results in more pollution and more energy used for shipping.
  • Allows use of materials from places with unknown practices and values.
  • Favors disposing of waste by cheapest means possible.
  • Keeps consumers unaware of the impact of their consumption.
Fair Wages
  • Provides support for local labor.
  • Distributes wealth more evenly.
  • Makes small-scale production viable.
  • Creates new jobs at home.
  • Forces labor to compete globally.
  • Concentrates wealth.
  • Encourages industry-scaled production.
  • Demands a mobile labor force.

4 Responses to “Why Local Currency?”

  1. Karol Winograd says:

    I think this is a great idea and I’m sure it can promote support to the local businesses.

    As a collector of the Depression Script notes, I would like to own an example of your Plenty currency. Would that be possible?

    Karol Winograd

  2. PLENTY says:

    Hi Karol,

    We are selling framed, signed proofs of the PLENTY. You can get a large frame that includes all the denominations or a smaller one that just includes the 50. Please email me if you’d like to place an order. Thank you, Melissa theplenty@gmail.com

  3. annica2 says:

    there was an excellent show about local currencies on wpvm in asheville. i am happy progressives are also coming up with great ideas in monetary policy. the “one world, one currency” stuff is corporatist propaganda at it’s worst. the progressive movement has been successfully hijacked, and it needs to be taken back with good ideas like the plenty.

  4. Mark Doenges says:

    If your local government accepted the currency to pay taxes, everything else would fall into place. Without getting too bogged down in public versus private sector questions, or cynicisms about what can and can’t happen in government, I would offer that the Plenty is consistent with local government goals. The local government could accept the Plenty for taxes even if the government were not the entity printing and regulating the currency (if that might be an issue).

    Cheers, ~m