Wayne Walton, founder of the interest-free local currency, Mountain Hours, made his weekly Wednesday debut appearance on Crash! Are You Ready?, on March 7, 2012.
He based his currency on Ithaca Hours, which is an interest-free local currency circulating in Ithaca, New York since 1991.
He mentioned that he was inspired by George Whitehurst-Berry’s show, Crash! Are You Ready?, after being a former goldbug.
Not only are these interest-free local currencies sound currencies, but they are also constitutional currencies. For more on why, see my article, Congress’ exclusive power to coin money doesn’t prevent private individuals from coining currency.
[...] 3) Wayne Walton, founder of the interest-free local currency, Mountain Hours, now a regular guest on Crash! Are You Ready? Share this:FacebookDiggRedditTwitterStumbleUponLike this:LikeBe the first to like this. [...]
[...] isn’t the problem when individuals and non-corporate associations of individuals issue interest-free currency into circulation, such as Ithaca Hours and Mountain Hours. This is a right recognized by the Ninth Amendment to the U.S. [...]
[...] said Wayne Walton, founder of the Mountain Hours local interest-free currency and regular Wednesday guest in the last segment of the March 21, 2012 episode of Crash! Are You Ready? Share [...]
Thank you for not calling it debt free. This is what my currency would look like if I had the resources to print it:
$1 This privately issued currency is not issued by the privately owned Federal Reserve. It will only be guaranteed redeemable for product by the people it was initially issued to in this community. A list of these people is available. It is not tender for the payment of taxes(until the local government wakes up). What is legal for one should be legal for all. No parasite is receiving interest by the issuance of this currency. $1