Economy
Kut Chum is well known for its organic movement and organic foods, chiefly the organic farming of rice. Kut Chum also achieved fame for issuing its own local scrip called Bia Kut Chum. Bia, Thai for cowry shell, was once a unit of currency equal to 1⁄6400 of a Thai baht, and Bia is still current in metaphorical expressions, so the usage ran afoul of currency laws. To side-step implications that they intended a substitute local currency, they changed to Boon Kut Chum, which are barter coupons with a fixed value in baht, that may be exchanged for goods and services within the community.)
Read more about this topic: Kut Chum District
Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)