The concept of Time Dollars
is an alternative system of currency
of goods and services. One time dollar is equal to one hour of community service. They are immune to fluctuations inherent in currencies backed by goods or precious
commodities. Furthermore, they are also immune to problems
associated with hoarding
for the very same reason. They are issued via mutual credit, and value the time of each person equally regardless of skills or talents.
In practice however, they are only effective in small closed economic communities, such as homes for the elderly
, and isolationist societies.