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Increased interest in “time dollar” programs
raises debate over whether such currencies are money and are a detriment to
volunteerism. But time dollars may play a key role in overcoming one of the
major obstacles that the field of volunteerism faces. By assigning an explicit
and equitable value to non-work tasks, time dollars can potentially lead us
back to behaving as though we truly value community.
A
“time dollar” program begins when a local community establishes a service exchange
network and issues a local currency to facilitate the exchanges. The currency
is usually based on time, so that one hour of any kind of service is equal to
one hour of any other kind of service. Introduced by Edgar Cahn in 1980, time
dollar and similar programs now exist throughout the United States and in some
other countries, including the United Kingdom and China.
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