Scrip-ting local recoveries?
Interesting story on Smart Money about the return of ‘local scrip’, or local currencies:
Detroit isn’t the only city sporting its own currency…there’s been an interest in local scrips not seen since the Great Depression. Residents in tiny North Fork, Calif., just launched the North Fork Share, and folks in Piedmont, N.C., spend the newly issued Plenty, a currency depicting local fauna like the ever-popular turkey vulture. Brooklyn, N.Y., is preparing to launch the Torch, while South Bend, Ind., is set to print what it calls MACs. Susan Witt, director of the E.F. Schumacher Society, a think tank devoted to decentralized economies, gets daily calls from towns across the nation looking to join the movement.
http://www.smartmoney.com/spending/budgeting/real-life-monopoly-money/
http://www.community-exchange.org/docs/Community_Currency_Guide.pdf