Tuesday, April 7, 2009

Communities print their own currency to keep cash flowing

A small but growing number of cash-strapped communities are printing their own money.

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.

This is a way to keep the money circulating WITHIN the community. (As long as the "printer" doesn't dip into the till ...... like what Washington is doing)

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