Friday, July 29, 2011

Slow Money: Is It Time to Slow Your Roll of Cash?

Earlier this month members of the Squash Blossom Community Garden attended the 36th annual conference and campout of the Seed Savers Exchange (SSE), a leading nonprofit organization dedicated to saving and sharing heirloom seeds.
This was the Blossoms’ second pilgrimage to SSE's Heritage Farm in Decorah, Iowa, the primary seed source of our garden, and we stuffed ourselves not only with locally produced food and beverages but also with valuable information and new ideas.
One of the more compelling keynote speakers at the conference was Woody Tasch. Author of Inquiries into the Nature of Slow Money: Investing As If Food, Farms, and Fertility Mattered, Tasch shared his vision for the potential of Slow Money, an organization he founded (and named after the Slow Food movement) that is bringing people together to talk about money that is too fast, finance that is disconnected from people and place, and methods that can fix the economy from the ground up—starting with food.
According to Tasch, a former venture capitalist, the trouble with today’s style of investing is that the flashing numbers on a stock ticker do not necessarily correlate to anything of tangible value in an investor’s local community. Billions of dollars zip through the world markets every day, bundled into intensely complex financial products, with the result that few investors really understand where their money goes or how it is used.
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