Wednesday, 19 September 2012

Pound publicity

Great to see good publicity for the Bristol Pound and thus publicity for many local businesses (here and here). Good to see the local currency issue brought into the Mayoral election with George Ferguson saying he would be happy take his pay - if he wins - in Bristol Pounds (here). The purpose of the Bristol pound as a local currency are pretty well explored and explained in this Post article. The Bristol Pound is a good idea. Given the chaos that has ensued from creating fewer currencies within the EU, doing the opposite and creating more currencies seems good sense to me.

The advantages of the Bristol Pound are that: it enables people to support the local economy and local businesses to support each other; it helps to build the local economy by creating a protective area defined by the currency; local businesses that accept the Bristol Pound are distinguished from any big operations that do not; supportive linkages between local people and local businesses are strengthened; the ideas of buying locally first, taking personal responsibility for the health and wellbeing of the community are promoted; stress is laid on local economic vibrancy and thriving, a broader and greener emphasis than just growth.

Anyone who simply does not like the idea of supporting local businesses that take the local currency doesn't have to use the Bristol Pound. Personally I object to the money I spend in Bristol not circlulating here and doing more work here, so I support thr Bristol Pound.

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