On The Face Of It

As a Common Good member, you buy things with your Common Good Card (from participating businesses), get an every-growing zero-interest line of credit, and occasionally move some money into or out of your account. As a participating business or contractor, or as an employee of a participating business, you accept Common Good payments.

You (and every other member) have more and more spending power while the system grows. And, as you see on the Community pages when you sign in to your Common Good Account (or here if you are not yet a member), your community as a whole has more and more to spend, invest, grant, or loan.


That's all you really need to know, to use Common Good. But, as Common Good members, we are all responsible for overseeing the system. That means we have to understand it and keep an eye on it. Economic justice demands broad participation and local control.

So what is really going on? How does the Common Good system give everyone more spending power without creating money?

Community Banking

We can't create official money, but we can give each other credit. The Common Good Agreement is the key. Together we create something that acts like money, simply by signing the agreement. There we promise to accept Common Good payments for our goods and services. That is, we agree to honor each other's credit in the Common Good system. If you're an employee, this includes accepting Common Good payments for your labor.

The more people and businesses participating, the more places we can pay with Common Good.

In today's global economy, we use money to pay each other for this and that, or we let it sit in a savings account for a rainy day. Common Good is a way to keep track of who has how much and who's paying whom, using the community's own bookkeeping system instead of the international banking system. Every time you pay with Common Good, it frees up that much money for the community to use for something else.

The Common Good system uses a computer database, electronic fund transfers, and the internet, just as commercial banks do.

How It Works »