Why start a LETSystem?
When ordinary money is in short supply, needed community projects are put on indefinite hold, local businesses fail, people become unemployed, and individuals and families suffer, not because they have nothing to offer, or because they lack skills and abilities, but simply because there is not enough money to go around. LETSystems helps develop and free local markets by operating like a community bank, in which members open an account. Unlike a bank, however, it gives unlimited interest-free credit, generated at the point of sale, to facilitate trading with other members. In this way, LETS acts like a supplementary currency, creating an additional system of value in a community. By supplementing conventional cash flow with a local currency, a community can maintain full employment, and protect itself from changes and fluctuations in the money supply.
