Ithaca’s Success Stories:
Ramsey has sold bagels for HOURS at Ithaca Bakery and bought landscaping, meals, printing, air conditioning consulting, eco-goods, eyeglasses, insulating window shades and groceries. 'Right now I’ve spent all my HOURS. To get them faster, I’ve decided to accept a Quarter HOUR (which is worth $2.50) for anything, as part purchase or $5 or more. And we’ll take them at CTB Appetisers, too.'
HOURS are a regular part of his business income: 'We count HOURS like taxable cash income and expense. There’s a separate HOUR account in the computer. HOURS we spend personally we buy with dollars.'
He adds, 'HOURS keep people in our community employed better than dollars that leave the community.
Dollars that go to large corporations do not really trickle back down, they concentrate capital, making the rich richer and the poor poorer. We see America’s inner cities becoming Third World countries as a result. What’s better about HOURS is that since you can’t bank them, you have to spend them to benefit, so you don’t get that concentration of capital.'