Daily Archives: March 23, 2026

The Swiss WIR Economic Circle Cooperative: Lessons for today

I have long maintained that the Swiss WIR Economic Circle Cooperative, as originally conceived and operated, was the most successful and best example of an honest moneyless exchange system. It was based on the mutual credit clearing of obligations incurred by small- and medium-sized businesses in the course of their day-to-day trading with one another. But over time, the WIR morphed into a conventional bank whose primary business has become, like all the other banks, the creation of interest-bearing debt by granting Swiss franc loans.

I’ve told this story many times before, but with the help of AI we now are able to explain it more briefly and clearly than ever before. Here below are some new tools which can be used in helping to inform and encourage others to learn about and deploy moneyless exchange systems.

The brief 7 minute interactive video overview is followed by longer, more comprehensive 20 minute and 40 minute audio overviews.

WIR: Switzerland’s We Economy

How Swiss Businesses Bypassed Traditional Banks

Swiss Rebels Who Bypassed Central Banks

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