Common Good Credits are intended as the basis for the Common Good Economy -- a democratic, community-centered economic system that puts people and planet first.
Together as a community we have the power to issue credit for our own use as a medium of exchange. It is our promise to accept Common Good Credits that gives them value.
Governance by the people is essential for a just society.
B. As a responsible participant in the Common Good Economy:
As long as I can spend my Common Good Credits easily or exchange them easily for US Dollars, I will accept them without limit as payment for my goods and services. I will exchange Common Good Credits for US Dollars only if I cannot spend them easily.
I will accept Common Good Credits from members of any Common Good Community in good standing. In the event of a cash flow crunch I will back Common Good Credits up to my average monthly use over the past six months.
Whenever I exchange Common Good Credits for US Dollars or vice versa, I will exchange them one for one, and I will price my goods and services the same in Common Good Credits and in US Dollars.
I understand I may receive from the community a credit line or tentative Incentive Rewards that I can spend but cannot cash out. If I have a negative balance and stop participating (or if the system ends), I will bring my balance up to zero as soon as possible.
I promise to maintain a high level of honesty, integrity, and ethics in my dealings with other Common Good participants and with the community (including the Common Good system itself). When there is a dispute, I will follow the Dispute Resolution Process and will honor its outcome.
I agree to participate responsibly in managing the Common Good Economy to the best of my ability and as my life circumstances allow, including: