Small river dams provide a wide range of economic, environmental and social benefits including recreation, flood control, water supply, water power, waste management and wildlife habitat.
What has this got to do with a local currency like Kingston Pound?
Well, money in our economy, flows in and out of our community in the same way that a river will flow through a region on its way to the sea. If we create a ‘money dam’, we can gain more local benefits.
The rate of water entering and leaving a dam is the same as before it existed but the lake created allows more local benefits.
The conversion of £ into K£ literally creates a lake of money that can circulate locally so that they can be spent repeatedly to benefit our local community. In this way a local currency harnesses the normal flow of money making it work harder for our local community.
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