Time Banking

When time is more than money

| October 2004 Issue

Time banks, economic microcosms based on the exchange of services rather than currency, probably won't replace monetary exchange anytime soon. They are, however, already changing communities and lives in a big way. And they're definitely on the rise.

The premise of time banking is that by fairly exchanging services with others, everyone can provide for and enrich their community. If your neighbor on the left needs a lawn mowed, your neighbor on the right needs a cake baked, and you need an oil change, you might be able to strike a deal with one another, even if you don't have the money to pay for the services. To create these interactions between people with specialized needs, who may never have otherwise met, communities need an infrastructure. This infrastructure has arrived.

Ron Callari
3/15/2009 4:05:53 PM

Time Banking can overcome some of the psychological barriers of the recession... http://tinyurl.com/cfmphf