The world economy is facing a serious threat recession. This is because, in the words of economists, a stop in the velocity at which money circulates can severely impact consumption and income. A case study during the Great Depression, where the state of Mississippi was divided into the Federal Reserve Districts of Atlanta and St Louis, showed that the policy to preserve the banking system and the flow of money avoided a 32% decline in employment. (See the academic journal or the final draft.)
The imaginary concept we call money can have real and lasting impact on our lives. Consider the natural experiment in Yap, a small island in the Pacific that used stones as money. The most valuable were so large that they could not be moved and banking records were kept in the tribe's collective memory. In 1898, Germany purchased the island from Spain and was unable to force the natives to build roads. Germany decided to paint the stones, which the islanders believed to make them worthless, until roads were built. The flow of money stopped and the community was so affected that they built the roads immediately, following which Germany removed the paint from the stones, and life went back to normal. (See original article.)
With CoVoucher20, we can keep the money circulating, support the livelihoods of our neighbors, and build more resilient and connected local communities.