JEFFERSON CURRENCY ALLIANCE

In 2003, the Jefferson Currency Alliance commissioned Stephen to create a local currency
for their community in Jefferson County, Iowa.
While a complete set of denominations was
planned, only the One Jefferson was created as
a fund-raiser and collector's item to start up the Alliance. To date, this remains the only note
designed in the series.

LOCAL CURRENCIES

Local currencies keep money circulating within
a community, instead of flowing outwards.
You patronize your neighbor's store instead
of the megastore out on the highway. You hire
a neighbor for repairs instead of calling Sears.

When a community creates a local currency, they create an inflation-proof economy that increases wealth. The notes are backed by the labor and
trust of the community, unaffected by national economic fluctuations. You create economic
expansion through increased patronage of local businesses and interest-free loans.

The local currency is purchased with federal
money, and can be exchanged back into federal dollars with a fixed exchange rate. Local
currencies are perfectly legal -- the IRS only
asks that you pay taxes on all earnings made
with your currency. They do, however, require
that you pay those taxes in Federal Reserve
notes.