Community CurrencyThis website is maintained by the founder of Ithaca HOURS.
The official website of the Ithaca HOURS board of directors is at ithacahours.org Paul Glover consults for grassroots economic development as GreenPlanners.
|ESSAYS BY GLOVER
Media Reviews of HOURS
"If you ever travel to the
City of Ithaca, New York, be prepared to accept some unusual currency.
People in Ithaca decided the economy needed a boost-- so they printed
their own money-- called Ithaca HOURS. A One HOUR note is worth ten
dollars. Some people in Ithaca use U.S. dollars reluctantly. They think
their own colorful currency-- which bears the motto 'In Ithaca We
Trust'-- is better for the local economy. We talked with Margaret
McCasland, who's on the Advisory Board of the local group that prints
the money..." --Voice of America, 2/27/96
"Part bartering system, part economic strategy to skirt the tentacles
of big business, the new currencies-- in use in 30 cities from coast to
coast, plus Canada and Mexico-- are patterned after an Ithaca, New
York-based organization that five years ago began issuing Ithaca HOURS.
--Dallas Morning News, 6/3/96
"Many laborers-- who want to pick up some extra income moonlighting-- like the Ithaca HOUR because it sets the minimum value of an hour's worth of work at $10.00" --National Enquirer, 3/12/96
"Ithaca HOURS continues to capture the imagination of our local business community,' says Linda Daybell, president of the Tompkins County Chamber of Commerce." --Central New York Business Journal, 4/96
"Local currency is legal, but the government stipulates that the notes must be different size than dollar bills, issued in denominations valued at a minimum of one dollar, and reported as taxable income to the IRS. Instead of winding up in the coffers of distant corporations, however, Ithaca HOURS must be spent locally." --Wall Street Journal, 6/27/96
"Ithaca's HOURS have spawned imitators in rural town across Canada, the U.S. and Mexico. the scheme has been welcomed by communities increasingly wary of the flow of 'federal funny money'-- the dollar-- out of their communities into the hands of big corporations and banks. And the issue of interest-free loans goes to the heart of the HOURS' appeal to U.S. rural communities, with their unhappy memories of bank failures and foreclosures on loans." --London Observer, 8/18/96
"Despite the government's spiffy new hundred-dollar bill, some people are rejecting the Fed's scrip in favor of their their own. Ithaca's HOURS were created to better the lives of people with more time than money, whose niche skills were marginalized in the mainstream economy, the idea was the stimulate regional commerce and make the region more self-reliant." --Across the Board July/August 1996
"This is textbook grassroots empowerment-- people improving their lives through their own initiative, free of the federal currency system and the traditional labor market." --Ithaca Journal editorial, 5/23/96
"With the trend in corporate downsizing, local HOUR money seems like an idea whose time has come." --New York Times, 1/21/96
"One of the most impressive results of the Ithaca HOUR system is the bimonthly list of local goods and services. The county can see how rich it is in human resources, and how many of its own needs it can meet-- something that too few towns, valuing themselves in terms defined by federal money and multinational corporations, appreciate about themselves." --Plain Magazine, October, 1995
"Ithaca HOURS, the grandparent of perhaps some 20-30 local currency systems up and about in North America, provides one path to what might be called "self-reliant" or "self-generated" funding. Its success strongly suggests that we can look within ourselves and our neighbors, at our own resources, to begin the long journey towards a new and democratized economy." --Grassroots Economic Organizing, 1995
"Local currency is being credited with reviving the sagging economies of small and large communities across the U.S." --Coin World, 5/13/96
"Take another look at that Ithaca HOUR. That's no George Washington peering out at you. It's not any of the old white men who traditionally grace currency in this country. The front of a special commemorative HOUR pictures Beverly J. Martin, an African-American and former teacher, principal and school administrator in Ithaca." --Syracuse Herald-American, 8/28/94
"At a time when giant banks and credit card companies are working to perfect electronic cash that leaps national boundaries instantly and invisibly, groups in 30 U.S. cities are going in the opposite direction and trying to keep money on Main Street by printing their own." --Winston-Salem Journal, 7/1/96
|ESSAYS BY GLOVER