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.)
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Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)