My LETS philosophy is, "Don't think of LETS points as dollars. Think of them as favours".
LETS, or Local Exchange Trading Systems, are local community trading groups where members exchange their goods and services with each other in a spirit of harmony and a genuine desire to help each other.
The LETS group's function is to act as a bookkeeper for the members' transactions, keeping record of these 'favours' (also called 'beans', 'auras', 'shells', 'talents', thank yous', etc.) and putting the members' accounts into debit or credit accordingly. An account which is in credit identifies a member who has given more favours than he's received. An account which is in debit identifies a member who has received more favours than he's given. As there is no interest paid to accounts in credit, and no interest charged to accounts in debit, neither situation is a problem, and both are necessary in order to make transactions happen.
