Local Economic Exchange toolkit

This project is a combination of code and concept that arose from an idea in the Open Information project:
https://github.com/krattai/Op_In/tree/master/econ_gov/open%20community/local%20economic%20exchange

The idea is to provide a toolkit of economic exchange methods and mechanisms with least resistance and most simplicity in order to enable people to conduct mutual transactions regardless of their capacity to access fiat currencies or their willingness to use fiat currencies.

This is from the LEEt subproject:

This sub project is being added to open community because it is presumed that the basis of a sustainable and ultimately thriving community is a functional and effective economic transaction system in conjunction with other complimentary aspects.

In this regard, a Local Economic Exchange (LEE) is a proposal for a system of creating a scalable, functional transaction system designed specifically to provide a least resistance method of conducting transactions. This leads to a LEE Toolkit (LEET) which would be a guideline for creating a context based LEE wihtin any grouping of individuals or businesses.

A LEET is an open system with the capacity to interchange and utilize any specific tool available for a specific function to compliment the system and create a LEE. What that means is, a LEE does not have to use a specific currency. It could use any currency and it could use multiple currencies, what ever works best. The ability to change out currencies at any given time, based on some change in need or finding a more useful currency, would be entirely feasible and easy to do.

One prominent and often contentious aspect of Economics is valuations. For many reasons, any good or service is quoted as a government issued value. It could be argued that such a valuation is arbitrary, although there may be many qualifications and quantifications for suggesting otherwise. It remains up to the provider and client to agree on such a valuation.

Given certain considerations, the basis and benchmark for any currency valuation system should be some consumable need. In the context of the LEEt, the valuation will be a standard loaf of bread (1lb). It is generally something that a large population of people understand. It is also easily convertable to other, similar goods made in other societies. So rather than saying, "an hour is worth $15 or .0003btc or 1g silver", an hour is worth 1loaf and every other valuation is a reference to that loaf or hour, allowing for a relatively simple (objective OR subjective) conversion of any functional currencies included in a LEE system.