Rational Exchange is a three point answer:
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Determine where money and time seems to be wasted.
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Identify ways to better use time and assets.
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Seek those with complementary skills and assets to create a common response.
Scenario Showing A Rational Response To The Issue Of Low Quality Pet Food :
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Bill believes he is paying too much for pet food and that the quality of the food he purchases is low. He has noticed that Bishop, his labrador, prefers liver and eggs and even table scraps to commercial preparations. He has also noticed that many formulas contain substantial amounts of corn and chemicals.
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Bill has an idea about what he would like Bishop to eat but is not knowledgeable about all the nutritional requirments. Nor does he have the equipment he thinks he will need to make food for his pet. Bill requires the help of other people. He talks with friends, family and promotes his idea in the social media. Other people who would like to save money and provide their pets with a fresh food alternative express interest.
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Those who are interested meet to discuss how to produce pet food. (A Rational Meet can be held). They discuss the skills the group has and the assets needed and what each person can contribute to the final product. Formulations are discussed, Jennifer tlks to her vet about animal nutrition and a work rotation is planned. The group votes in Alison to administrate the production process and to chair the meetings. The group votes to pay Alison a premium for her extra responsibilities using units of a designer currency they design, create and control. It is called the 'bill'after Bill who initiated the program. Suppliers are found that provide the ingredients needed to produce the product. The cost of the product is estimated according to the wages the group will pay and the cost of the equipment rental and other costs. These costs and charges are recorded by Albert who is paid to keep the groups books. Hours worked are paid at the rate of r12.00 per hour. Pet food is sold at a cost of r0.65 a pound. As people work they accumulate bills and when they purchase product their bill accounts are debited.
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May decides to start baking bread. She starts a group that does baking. The bakery group decides to continue to use bill currency. Ernest, a local artist, creates bills that can be exchanged by the group for miscellaneous purchases. Each bill is a work of art signed and numbered by Ernest and is given a denomination value. Ernest spends these bills into circulation and they become the money of the two groups.
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Other groups are started by other people and another artist, Alemanji, begins to produce bills. Tom, a new member wants to make a number of purchases and so contracts with Alemanji to create $300.00 worth of bills which he purchase from Alemanji using fiat currency.
