Private "Community" Currency in Circulation in the USA - Ithaca HoursSubmitted by spaghetti on Fri, 11/04/2011 - 07:38
Ithaca Hours is a private currency -- referred to as a "community currency" -- that has been in circulation and used in the City of Ithaca New York, home of Cornell University, for 20 years now. Backed not by gold but by labor hours, it is an example of how communities can choose to leave the dollar standard and start their own currencies.
Please refer to the above link for more information on Ithaca Hours. This is an alternative private / community currency of the type that Ron Paul discusses as a possibility for a competiting currency that is actually in use and circulating in the USA today.