04 March 2006

Local Exchange Trading Systems

Another community barter network is called Local Exchange Trading Systems (LETS).

It's a very active and well-established 'organism'. Chapters exist on every continent and The Netherlands has oodles of LETS groups.

Each member has a credit/debit account going as s/he trades items and activities within their group.

It's OK if the points or 'favors' in a member's account go into the negative for awhile.

The group tries to regulate a balance and keep the trading activity going.

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