Communities printing own cash...
2 posters
Page 1 of 1
Communities printing own cash...
By Marisol Bello, USA TODAY
Who should be on the currency?
A small but growing number of cash-strapped communities are printing their own money.
Borrowing from a Depression-era idea, they are aiming to help consumers make ends meet and support struggling local businesses.
The systems generally work like this: Businesses and individuals form a network to print currency. Shoppers buy it at a discount — say, 95 cents for $1 value — and spend the full value at stores that accept the currency.
Workers with dwindling wages are paying for groceries, yoga classes and fuel with Detroit Cheers, Ithaca Hours in New York, Plenty in North Carolina or BerkShares in Massachusetts.
Ed Collom, a University of Southern Maine sociologist who has studied local currencies, says they encourage people to buy locally. Merchants, hurting because customers have cut back on spending, benefit as consumers spend the local cash.
Who should be on the currency?
Ich bin Ala-awkbarph- Number of posts : 2310
Age : 73
Location : The Caliphate of Zarr Chasmistan, WV
Registration date : 2008-01-28
Re: Communities printing own cash...
Ithaca Dollars have been in use for quite some time, and I like the idea.
I don't think it will do too awful much to stimulate a city's economy, but it's nice to encourage "buying local."
As for whose face should be on the currency, it should be mine, with red and blue markings, with the word "FEAR" underneath it.
I don't think it will do too awful much to stimulate a city's economy, but it's nice to encourage "buying local."
As for whose face should be on the currency, it should be mine, with red and blue markings, with the word "FEAR" underneath it.
SheikBen- Moderator
- Number of posts : 3445
Age : 48
Location : The Soviet Socialist Republic of Illinois
Registration date : 2008-01-02
Similar topics
» If they can't manage Cash for Clunkers...
» Cash for Clunkers--what about the clunker-less?
» DUH, is it not a Cash Cow for them?
» More 'cash-for-clunkers'
» CASH FOR CLUNKERS
» Cash for Clunkers--what about the clunker-less?
» DUH, is it not a Cash Cow for them?
» More 'cash-for-clunkers'
» CASH FOR CLUNKERS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum