LETS and other mutual credit circles suffer from a paradoxical constraint. On the one hand, if bonds of trust between the community are too weak, individuals will neglect to pay down their negative balances, leading to stagnation and atrophy. On the one hand, if community bonds of trust become too strong, individuals lose the desire to transact with one another, as credit comes to be viewed as an unnecessary obstacle to a gift economy.
Casa Robino
Shared Hospitality Excavations
