Local Exchange Trading System (LETS) Manual
A local currency can't leave the community it serves, so it ensures connections between people exchanging skills, goods and services. With a local currency, the community is less affected by fluctuations in the external money supply. Local currencies have been common throughout history, emerging whenever a community needs to protect its internal economy from outside disturbances such as war, or depression. The Social Credit movement was one example, and more successful systems were used in Austria before the second world war. This is the 61-page manual written in 1994 by Michael Linton and Angus Soutar.
