‘We live in a capitalistic society. Banks are everywhere, and it often seems like cash and credit are required to live. The gap between the haves and the have-nots is growing. And it can sometimes seem like economic inequality is ubiquitous.
But around the world, people are using a system of exchange that requires something everyone is, for the most part, given equally, every day: Time.
How do you trade or exchange time? Through a time bank. At its most basic, you spend an hour doing something for someone in your time banking community, and you then receive a time banking credit of one hour to spend on something you need. For example, if you spend an hour raking your neighbor’s yard, you then have an hour to spend, for example, on childcare or car repair. It’s an hour for an hour. The idea is simple, and it’s growing.’