Time Dollar
Time Dollars Service Exchange is an alternative
US economic system measured in hours of service.
Backed by an hour of community service and created via credit and debit in the accounts of the participants.
One hour is measured the same independently of place and circumstances, so Time Dollars are immune to the fluctuations in value of commodity-backed and fiat currencies.
In most adaptations of the Time Dollars system, each participant's time is valued equally, whether s/he is a novice or an extensively trained expert. For that reason, the Time Dollars model works best in very narrowly defined communities (retirement homes, for example), where everyone's time, skill, experience, and effort is regarded as equal.
Time Dollars
- recognize, and thus encourage, reciprocal community service;
- are backed with service time and thus resist inflation without encouraging hoarding; and
- are in sufficient supply, enabling trade and cooperation among participants.
