Interesting, divineseraph - have you ever read a book called The Ragged Trousered Philanthropists? (Online here)
It suggests a similar philosophy. I never expected to meet a socialist on what seems to be a mostly American site.
That said, the trouble with replacing the money-system with a system like you propose is that it has been tried, and failed because people are corrupt. There will always be people who wish to obtain more than they are owed, and so cause a shortage from which they can profit (even if there is no money involved, goods or services may be hoarded and become "money" for example staple foods)
*~Let the Fire Fall ~* A Christian Guild
