The Flying Brick was the printed directory of the Brixton LETS Scheme (this isn’t the image we used – the original is lost in the mists of time – or a cardboard box in the attic).
LETS stood for Local Exchange and Trading Scheme. Brixton LETS was started in the second wave of alternative, local currency schemes in 1992 in Brixton, South London, and I’m proud to say I was one of the founding group, and one of the team that ran the scheme in its heyday over the following few years.
The idea was that members would trade together using our own local currency – the Brick (what else?) – which was a ‘virtual’ currency – a number in a database, with no physical existence. And that this currency would have different rules to ‘normal’ money, specifically: Continue reading “Alternative currencies – Simbi and the Flying Brick”