December 10, 2008 at 08:45 AM EST
Virtual Money, Real Recession
If you have qualms with the greenback you can always pick up some BerkShares or Ithaca Hours or Bay Bucks. That is if you’re in Berkshire Massachusetts Ithaca New York. or Traverse City Michigan. Local currencies aren’t a new phenomenon but in desperate economic times they often find an audience. During the Great Depression many communities relied on their own bills. We’re not in that situation now -- the US dollar is still a global benchmark -- but there are a few dozen active local currencies in this country. Two neighborhoods in Milwaukee are the newest ones to consider ...
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