Holistic local sustainability; food, water, energy, money, people

BrisLETS in micro economies

LETS use Units

2015 Winter crops1LETS (Local Exchange Trading System) can monitor a micro-community’s internal economy as well as help it operate without the debt-based financial system. In Brisbane, we have BrisLETS and the currency is called Units.

First, value whatever the community produces (for example garden produce) in LETS units, using average supermarket prices (ignoring seasonal highs and lows). Pay for work done in Units at, for example, the median wage of U35/hour.

It takes a while to price your produce, and you need to keep it up-to-date. But it’s important, I found, to value it and value people’s time properly.

Make it easy to keep a record of consumption and labour. Create a price list that’s easy to follow and keep it handy. Provide some digital scales and a spreadsheet that mirrors the price list,  grouping similar things together for ease. The spreadsheet automatically calculates everything.

Square off every fortnight.

January, 2019

5 comments on “BrisLETS in micro economies

  1. Lillian Lawson Geddes
    August 17, 2015

    Hi Simon – good explanation, easy to read and understand. Good luck with this.

    From Lil.

  2. Lillian Lawson Geddes
    August 23, 2015

    Hi Simon – I would like a copy of the “Lets Units at Home” if you feel ok about this. I think it is well set out and clear – always the sign of good writing. Content is good too.For this reason I would like to add it to my work as an example of how to do the household books, and if I use it I would of course acknowledge you as the originator.I would not likely want to publish it as it is, but to use it and reference you in a workshop situation. Please send me a copy (can’t unload from wordpress) if you choose, and tell me how you feel about this. Ta from Lil.

  3. Equanimity Foundation
    August 23, 2015

    I’d be honoured for you to use it, Lillian, adjusted to fit your purpose and audience… and I appreciate being credited. I’ll send you a copy.

  4. Kathy McDonald
    August 30, 2015

    What an excellent idea. Wish I could do it

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This entry was posted on August 15, 2015 by .
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