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Backing Common Good

Backing a Common Good Community is a promise, made by supportive members and member organizations one year at a time, to buy additional Common Good credit in the event of a cash crunch or termination of the Common Good Community. These promises give you the security of knowing your Common Good credit is backed by Dollars held in the Dollar Pool and/or by plenty of credible promises, helping prevent the sort of panic that can lead to a cash crunch. Backing Promises are a key component of taking responsibility and control of our own local economy.

The promise you make in the Common Good Agreement is also a sort of Backing Promise. When you pay someone more than is in your Common Good account balance, that extra Common Good credit is backed by your promise to bring your balance back up to zero or more within 30 days.