Campus: Sonoma State University -- March 07, 2003
New Barter System With "Sonoma County Currency"
Emerging From Two-Year Project By SSU Professors
An innovative plan for a "Sonoma County currency" to help
ward off the recession in the local economy will be presented by professor
Philip Beard at a meeting at 7:30 p.m. at the Sonoma County Peace and
Justice Center in Santa Rosa on Thursday.
Beard has been working with psychology professor Art Warmoth on a program
that generates "Community Support Dollars" (C$D) as a form
of exchange between individuals or companies that barter products and
Begun two years ago, the project is surfacing just as the North Bay
is hit by a bust cycle that is resulting in layoffs and extreme revenue
shortages among local businesses.
"The decline of our local economy and all the services it supports
is becoming more devastating every day," Beard says. "Every
time a job is lost, a program canceled, a service cut back, we hear
the sad refrain: 'The money's not there.' Well, we can put it there.
It has never been more urgent for us to implement a realistic, responsible
economic self-help program than it is right now."
The C$D currency will be officially launched as soon as 500 individuals/families,
30 businesses, and 10 non-profit organizations have signed on as members,
"The most important effect of our Community Support Dollar currency
is that it builds community, by bringing us into mutual support relationships
with our neighbors and local businesses," Beard says.
"Indirectly it addresses a host of larger problems, ranging from
global warming to military sabre-rattling to gang warfare. We need it."
Beard is looking for community expertise to help get the operation of
the program underway. Seriously interested parties, especially those
with connections to local small businesses, are encouraged to contact
him at firstname.lastname@example.org.
Contact: Jean Wasp, Media Relations, (707) 664-2057