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...res of economic life, many research-activist centres and local alternative-economics groups have started implementing alternatives to the general capitalistic m ...eves that Collective Intelligence evolves at the condition that there is a monetary system that is not scarce but sufficient and issued by democratic, open and

{{Economics sidebar}} ...oods and services]] and repayment of [[debts]].<ref>{{cite book |title=The Economics of Money, Banking, and Financial Markets (Alternate Edition) |last=Mishkin

...ange]], facilitating the [[trade|transfer]] of [[goods]] and/or [[Service (economics)|service]]s.{{Fact|date=September 2008}} It is one form of [[money]], wher ...nion]] are a notable exception to this rule, as they have ceded control of monetary policy to the [[European Central Bank]].

LETS networks use [[interest]]-free [[community-based economics|local]] [[credit (accounting)|credit]] so direct swaps do not need to be ma LETS is a fully fledged "monetary system", unlike direct [[barter (economics)|barter]], with LETS members able to earn credits from any member and spend

* [[Ripple monetary system]] *[http://www.altruists.org/ae Altruistic Economics]

In [[economics]], a '''local currency''', in its common usage, is a [[currency]] not backe A few such currencies, however, developed into monetary systems in their own right. The idea of using free banking to produce an a

Technically speaking, this system may not be a monetary system*, will be "[[Gift]] Based Economics", or "Gift Based Information systems",

...xtent. Barter usually replaces money as the method of exchange in times of monetary crisis, when the [[currency]] is unstable and devalued by [[hyperinflation]