Free Money Day

Last updated

Free Money Day
Free money day, Brno 2014 (Robert Posel).jpg
Free money day, Brno 2014
StatusActive
Date(s)September 15th
FrequencyAnnual
Location(s)International
Inaugurated2011
Organised byPost Growth Institute [1]
Website www.freemoneyday.org

Free Money Day is an annual global event held since 2011 as a social experiment and to promote sharing and alternative economic ideas.

Contents

Overview

The day is held annually on September 15, the anniversary of the Lehman Brothers' 2008 filing for bankruptcy. [2] Participants offer their own money to passing strangers at public places, two coins or notes at a time. Recipients are asked to pass on one of the notes or coins to someone else. [3] [4] Participants can also leave money with a note at a public place [5] where it is likely to be found by another person, or to share money digitally. [6] Since 2020, these latter options have been encouraged in populations under COVID-19 pandemic restrictions that limit in-person interactions.

Past events

A total of 324 events at 218 different locations in 35 countries were held since 2011 according to the official website. [7] A total amount of US$11,476 was shared on the previous Free Money Day events. Over the years, people invented their own methods to give away money. Coffee shop and video rental owners did not charge people for their services and asked them to give the amount to a stranger. In one case a person left a £10 note on a toilet seat and tweeted that "it would be the happiest bathroom visit someone will ever have". [8]

Rationale

Free Money Day aims to raise awareness and start conversations about the benefits of economies based on sharing, as well as inspire more critical and creative thinking about people's relationships with money and about new types of economic activities. The event is designed to help people connect with the complex issue of monetary circulation in a simple way, and inspire them to take action. It is a gateway to thinking about wider issues, including credit unions, for-profit banking, debt forgiveness, and universal basic income. The money is given without obligation; it is hoped that the event and the transactions will stimulate conversations about the role of money in society. [9] “This event is about much more than money. It is about co-creating the futures we truly desire by building on what we know works: sharing,” [10] said Free Money Day global coordinator, Donnie Maclurcan, a co-founder of the Post Growth Institute, which originated the event. [1]

See also

Related Research Articles

Ben & Jerry's Homemade Holdings Inc., trading and commonly known as Ben & Jerry's, is a Vermont, United States-based company that manufactures ice cream, frozen yogurt, and sorbet. Founded in 1978 in Burlington, Vermont, it was sold in 2000 to British conglomerate Unilever. Today, it operates globally as a fully owned subsidiary of Unilever. Its present-day headquarters is in South Burlington, Vermont, with its main factory in Waterbury, Vermont.

Dan Savage American sex advice columnist and gay rights campaigner

Daniel Keenan Savage is an American author, media pundit, journalist, and LGBT community activist. He writes Savage Love, an internationally syndicated relationship and sex advice column. In 2010, Savage and his husband, Terry Miller, began the It Gets Better Project to help prevent suicide among LGBT youth. He has also worked as a theater director, sometimes credited as Keenan Hollahan.

Tzedakah Religious obligation in Judaism to do what is right and just

Tzedakah or Ṣedaqah is a Hebrew word meaning "righteousness", but commonly used to signify charity. This concept of "charity" differs from the modern Western understanding of "charity." The latter is typically understood as a spontaneous act of goodwill and a marker of generosity; tzedakah is an ethical obligation.

Tides Foundation

Tides Foundation is an American public charity and fiscal sponsor working to advance progressive causes and policy initiatives in areas such as the environment, health care, labor issues, immigrant rights, LGBTQ+ rights, women's rights and human rights. It was founded in San Francisco in 1976. Through donor advised funds, Tides distributes money from anonymous donors to other organizations, which are often politically liberal. It manages two centers in San Francisco and New York that offer collaborative spaces for social ventures and other nonprofits.

TED (conference) Global set of conferences

TED Conferences LLC is an American media organization that posts talks online for free distribution under the slogan "ideas worth spreading". TED was conceived by Richard Saul Wurman, who co-founded it with Harry Marks in February 1984 as a conference; it has been held annually since 1990. TED's early emphasis was on technology and design, consistent with its Silicon Valley origins. It has since broadened its perspective to include talks on many scientific, cultural, political, humanitarian and academic topics. It has been curated by Chris Anderson, a British-American businessman, through the non-profit TED Foundation since July 2019.

The Trevor Project is an American nonprofit organization founded in 1998 focused on suicide prevention efforts among lesbian, gay, bisexual, transgender, queer, and questioning (LGBTQ) youth. Through a toll-free telephone number, it operates The Trevor Lifeline, a confidential service that offers trained counselors. The stated goals of the project are to provide crisis intervention and suicide prevention services for the aforementioned youths, as well as to offer guidance and resources to parents and educators in order to foster safe, accepting, and inclusive environments for all youth, at home and at school.

Paywall System that prevents Internet users from accessing webpage content without a paid subscription

A paywall is a method of restricting access to content, with a purchase or a paid subscription, especially news. Beginning in the mid-2010s, newspapers started implementing paywalls on their websites as a way to increase revenue after years of decline in paid print readership and advertising revenue, partly due to the use of ad blockers. In academics, research papers are often subject to a paywall and are available via academic libraries that subscribe.

Bankruptcy of Lehman Brothers

The bankruptcy of Lehman Brothers on September 15, 2008 was the climax of the subprime mortgage crisis. After the financial services firm was notified of a pending credit downgrade due to its heavy position in subprime mortgages, the Federal Reserve summoned several banks to negotiate financing for its reorganization. These discussions failed, and Lehman filed a Chapter 11 petition that remains the largest bankruptcy filing in U.S. history, involving more than US$600 billion in assets.

Daniel James Shellabarger is an American simple living adherent who stopped using money in the autumn of 2000. He was born in Arvada, Colorado, a suburb of Denver, and lives part-time in a cave near Moab, Utah when he is not wandering the country.

Zimride American carpool program

Zimride by Enterprise Holdings is an American carpool program that matches inter-city drivers and passengers through social networking services. It is offered to universities and businesses as a matchmaking service. The company was founded in May 2007. After the launch of the Lyft app in May 2012 for intra-city rides, the Lyft app rapidly grew and became the focus of the company. Zimride officially renamed as Lyft in May 2013, and the Zimride service was sold to Enterprise Holdings in July 2013. As of July 2013, the service had over 350,000 users and has partnerships with Facebook and Zipcar.

Mark Boyle (Moneyless Man)

Mark Boyle, also known as The Moneyless Man, is an Irish writer best known for living without money from November 2008, and for living without modern technology since 2016. Boyle writes regularly for the British newspaper The Guardian, and has written about his experiences in a couple of books. His first book, The Moneyless Man: A Year of Freeconomic Living, was published in 2010. His fourth book, The Way Home: Tales from a life without technology, was published in 2019. Boyle lives near Loughrea, in the west of Ireland.

Lindy West American writer

Lindy West is an American writer, comedian and activist. She is the author of the essay collection Shrill: Notes from a Loud Woman and a contributing opinion writer for The New York Times. The topics she writes about include feminism, popular culture, and the fat acceptance movement.

Chefs Table at Brooklyn Fare

Chef's Table at Brooklyn Fare is a restaurant in New York City with three Michelin stars. It was the first New York City restaurant outside Manhattan to receive 3 Michelin stars. In December 2016, the restaurant was relocated from 200 Schermerhorn Street in Downtown Brooklyn to 431 West 37th Street, in the Hell's Kitchen section of Manhattan.

Charles Eisenstein American writer

Charles Eisenstein is an American public speaker and author. His work covers a wide range of topics, including the history of human civilization, economics, spirituality, and the ecology movement. Key themes explored include anti-consumerism, interdependence, and how myth and narrative influence culture. According to Eisenstein, global culture is immersed in a destructive "story of separation", and one of the main goals of his work is to present an alternative "story of interbeing". Much of his work draws on ideas from Eastern philosophy and the spiritual teachings of various indigenous peoples. Eisenstein has been involved in the Occupy, New Economy, and permaculture movements. His work has also been popular with countercultural and New Age audiences. An advocate of the gift economy, he makes much of his work available for free on his website.

Post-growth Beyond optimum economic growth

Post-growth is stance on economic growth concerning the limits-to-growth dilemma — recognition that, on a planet of finite material resources, extractive economies and populations cannot grow infinitely. The term "post-growth" acknowledges that economic growth can generate beneficial effects up to a point, but beyond that point it is necessary to look for other indicators and techniques to increase human wellbeing.

International Day of Charity

The International Day of Charity is an international day observed annually on 5 September. It was declared by the United Nations General Assembly in 2012. The prime purpose of the International Day of Charity is to raise awareness and provide a common platform for charity related activities all over the world for individuals, charitable, philanthropic and volunteer organizations for their own purposes on the local, national, regional and international level.

GivingTuesday, often stylized as #GivingTuesday for the purposes of hashtag activism, is the Tuesday after Thanksgiving in the United States. It is touted as a "global generosity movement unleashing the power of people and organizations to transform their communities and the world". The organization of the same name is an independent 501c3 nonprofit that supports the global movement.

Jonny Benjamin MBE is a British mental health campaigner, author and vlogger. In January 2014 he launched a social media campaign called Find 'Mike' to search for a stranger who had talked him out of taking his own life in 2008. The purpose of the campaign was to raise awareness of suicide and mental illness. It went viral and received global media attention. Within just two weeks Jonny found the stranger he was looking for, Neil Laybourn. The story of the campaign was made into a documentary film, The Stranger on the Bridge, that was released in May 2014.

Kayvon Zand

Kayvon Zand is an American nightlife personality and musician based in NYC. They are most known for eccentric live performances and parties, as well as their established personal style featuring John Sex hair and Elvis Presley jump suits. They are the founder of Zandwagon, a model management and specialty casting company.

Lorna Jane Clarkson Australian fashion designer, entrepreneur and author.

Lorna Jane Clarkson is an Australian fashion designer, entrepreneur and author. She is the creator of the Lorna Jane brand of activewear for women, and owner of a chain of retail outlets that market the clothes. By 2015, the chain included 146 stores in Australia, 42 in the United States, and 54 stockists in other countries including South Africa, Britain, Canada, and Dubai.

References

  1. 1 2 "Post Growth Institute". Post Growth Institute.
  2. Jabour, Bridie (September 16, 2011). "Cash? Can't give it away". Brisbane Times . Fairfax Media . Retrieved September 14, 2018.
  3. Barry, Aoife (September 15, 2012). "Would you take free money from a stranger?". TheJournal.ie . Retrieved October 5, 2014.
  4. Rigby, Brendan (September 15, 2011). "Sharing is caring: why handing out money is a good practice". Whydev.org. Retrieved October 5, 2014.
  5. "Leave Money as a Surprise".
  6. "Give money digitally".
  7. Maclurcan, Donnie (September 14, 2012). "Column: Giving away money can lead to priceless experiences". TheJournal.ie . Retrieved October 5, 2014.
  8. "Something for nothing: Free Money Day 2012". Positive News . November 15, 2012. Retrieved October 5, 2014.
  9. Daubs, Katie (September 14, 2012). "Free Money Day: Two Australian brothers plan to give away $10 in Yonge-Dundas Square". Toronto Star. Toronto Star Newspapers Ltd. Retrieved September 8, 2014.
  10. New, Catherine (September 14, 2012). "Free Money Day: On Lehman Brothers' Death Anniversary, Activists Pay It Forward". The Huffington Post. TheHuffingtonPost.com, Inc. Retrieved September 8, 2014.