Transaction

j"1LAnZuoQdcKCkpDBKQMCgziGMoPC4VQUckM^<div class="post">No, nothing like LETS at all. LETS is book entry for one, and for another the total amount of currency is always zero. When you issue a credit to someone else because they've done something for you, you receive a debit. The trouble with a LETS is that you can walk away from an account which is in debit. That functions to inflate the currency -- more people have credits who want something than there are people to do or sel something for the credits.<br/> <br/> LETS was invented by somebody who doesn't understand money, and promulgated by more people who don't understand money.</div> text/html