Common Good Credits are a type of credit. Like any medium of exchange, they represent value. They make it possible for us to trade goods and services with each other in our community, without having to trade something directly with whoever has what we want, and without having to give them something of precisely the same value ("barter"). The medium of exchange lets us give any amount of our goods or services to any participant in the economy, then receive the same value of goods or services from some other participant(s). If everyone both buys and sells, the credits move through the community in interconnected circles of exchange.
From the start, Common Good Credits are issued as a one-to-one stand-in for US Dollars.
Once Common Good Credits become well-established and popular in a community, we can also issue them together, with careful planning, as grants, zero-interest loans, equity investments, and incentives for doing the right thing. Together we can fund whatever enterprises and activities we decide would be best -- for our community, for communities elsewhere, and for the world.
Issuing Common Good Credits is a community responsibility. This is the key to creating a Common Good Economy. We must issue as much credit as we need, to fund our priorities -- but no more than the value we as a community are capable of producing.