Interesting article about how the tanking Greek economy has inspired online barter services. I’m all about barter, but it certainly has disadvantages compared with an agreed-upon standard of exchange. One big one is it’s pretty much impossible to scale up.
Hundreds of barter communities emerged in Greece when the crisis broke out in 2010. Among them was Volos, a port city north of Athens where residents operate an alternative euro-equivalent currency called the TEM. Elsewhere, time banks sprang up, so doctors or babysitters could swap services. A “no-middleman” movement between producers and consumers cut out profiteers.