Says a commenter of his:
Incidentally you could replicate the money system in a classroom where the teacher has the ‘authority’ say to stop the kids going to the school disco unless they pay their taxes and the taxes need to be paid in the teacher’s old business cards. When they ask how they get the business cards, the teacher says he will pay them for various jobs that need doing around the school. You could actually start a monetary economy (or a business card economy) where kids that didn’t want to work could obtain the cards from other kids by trading.
And says another:
Various examples of the same kind of model – Paul Krugman describes a Washington DC babysitting club in “End this Depression Now!” where tokens (scrip) were exchanged between sets of parents for promises to babysit.
And Sir Murphalittle says:
It is a good example
Indeed it is. Especially the bit where they create runaway inflation through excessive scrip issuance and the whole thing collapses. But Murphaloon appears not to have read that bit.