Alternative Currencies
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Thomas H. Greco, Jr. is a community and monetary economist, educator, writer, and consultant. He is a former tenured college teacher who has spent more than 30 years studying and writing about ways to achieve greater harmony, equity, and sustainability through business and economics. His special expertise in monetary and financial structures has led to innovative designs for private community currencies and payment systems. Among other books and articles, he is the author of, Money: Understanding and Creating Alternatives to Legal Tender (Chelsea Green Publishing Company, 2001).
Open money is a means of exchange freely available to all. Any community, any association - indeed, any body - can have their own money. Open money is synonymous with LETS - an invitation to come inside and play, as in open door and open house; collaboration as in open hand and open for all; attitude as in open mind.