The Human-Centered Economy: How Time Banking Can Change the World

In this episode, Andrew and Freakonomics Radio's Stephen Dubner explore the concept of Time Banking, a system where time is used as currency to exchange services within communities, promoting human interaction and communal support without relying on money. Andrew discusses the mechanics of Time Banking, where participants can offer services like tutoring in exchange for time credits, which can then be used to receive other services. Despite its historical roots dating back to the early 19th century and its presence in 42 countries, Time Banking remains a niche concept with around 40,000 active members globally. Could Time Banking help revive community engagement by making service more rewarding? Starting with local communities like New York City, can we grow it into a viable system that generates trillions of dollars in value by tapping into underutilized human resources in areas such as healthcare, education, and community services? Watch the episode on YouTube: https://youtu.be/-grYauPdJaI Humanity Forward Foundation and Freakonomics Radio are joining forces to launch a time banking initiative! To get involved, email time@humanityforwardfoundation.org. Follow Stephen Dubner: https://x.com/dubnerstephen | https://x.com/freakonomics Follow Andrew Yang: https://andrewyang.com | https://x.com/andrewyang Get 50% off Factor at https://factormeals.com/yang50 Get an extra 3 months free at https://expressvpn.com/yang Get 20% off + 2 free pillows at https://helixsleep.com/yang code helixpartner20 Get 20% off your first order at https://ashanderie.com/ code yang ---- Subscribe to Forward: Apple — https://podcasts.apple.com/podcast/id1508035243 Spotify — https://open.spotify.com/show/25cFfnG3lGuypTerKDxKia To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices