What LETS does, is bringing money back to its original function as a means of exchange, and making money inappropriate for collecting richness and power. LETS is nowadays growing very popular in Europe and Australia. In England, there are over 200 systems functioning in several places. In the Netherlands, every two weeks a new system is being founded. The only thing you need for a system, is a group of enthousiastic people, a central administration, and a small newspaper in which you can list all the services that are being offered by the members of the system.
Most systems also work with a chequebook.
When my bike has been repaired, I write a cheque for the person who repaired it. He brings this to the administration. Everyone who enters a LETSystem, starts with an account of zero 'points'. This means that people can have a negative or a positive number of points on their account. There is nothing bad about a negative account.