ELI5: Explain Like I'm 5

Ithaca Hours

Have you ever heard of money? It's something that you use to buy things, like toys or candy. Well, a long time ago, some people in a place called Ithaca, in New York State, thought that money was not fair for everyone. This is where Ithaca Hours come in.

Ithaca Hours are a special type of money that people in Ithaca, New York use instead of regular money. Each Ithaca Hour is worth one hour of work, just like your parents go to work for a certain number of hours and then they get paid for it. But instead of getting paid with regular money, people in Ithaca can get paid in Ithaca Hours.

People can use Ithaca Hours to buy things from local stores, just like regular money. The idea is that using Ithaca Hours encourages people to shop locally and support small businesses.

For example, if someone cleans a house for an hour, they could get paid in Ithaca Hours, and then use those Ithaca Hours to buy some cookies from a local bakery. And the person who baked those cookies could then use those Ithaca Hours to pay for a haircut from a local barber.

So, Ithaca Hours are not so different from regular money, except that they are based on the idea that everyone's time is worth something, and that locals should support each other by buying from local businesses. It's like a special type of money that helps the community work together and support each other in a fair way.
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