In terms of economics, when we think of human value, we think of our net worth. But that’s not the only currency available to us. Time banking is a work trading system based on what should be the most precious commodity to us: our time. What we choose to do with our time has great value because our time on earth is limited…and that’s the basis of the time banking philosophy. The first Time Bank originated in St. Louis and the concept has now spread across the world to at least 38 countries. Edgar Cahn, founder of Time Banks USA, tells me what happens when a bank operates on a currency system that values our time over our net worth – watch the interview.
The interview on time Banking begins at 16:00 min.