Recently, a time bank has opened in Belgium. What is a time bank? Time banking is a tool by which people can exchange their time and skills instead of buying goods or services as in a conventional market system. Time banking is a way of creating an alternative economic model. (more)
Wikipedia describes time banking as "a pattern of reciprocal service exchange that uses units of time as currency. It is an example of an alternative monetary system.".
As we all understand, 'money' is purely abstract and the currency that we use (euro, dollar, ...) is actually nothing more than a convention, an agreement to use that certain type of denomination. In theory there is no reason to limit our economy to only the standard currency, and we could be free to use anything we want.
