Media Coverage

Odd Lots: What the Berkshires Learned by Launching its Own Currency

From Bloomberg: Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance and economics.


"Buy local" is a mantra that has appeal across the political spectrum. Small communities have preached this gospel for a long time. The current U.S. president advocates a version on a national scale. So how do you put it into practice?

 One experiment has been taking place in the Berkshires -- a region in the U.S. state of Massachusetts -- that has its own currency called Berkshares. On this week's Odd Lots podcast, we speak with Alice Maggio, the executive director of the currency, about how a regional currency works, what it accomplishes, and what they’ve learned from it.

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Can You Buy a Bagel with it?

Morgan Stanley Ideas Podcast

May 2018

As our lives become more digital, our money is becoming increasingly digital too. There are more than a thousand cryptocurrencies floating around and new ones seem to launch every day. But is this new form of money, one that only exists online, even a currency? What exactly gives cryptocurrencies value?

This Massachusetts Town Shows What a Sustainable Economy Looks Like

For more than three decades, the town of Great Barrington, Massachusetts, has quietly demonstrated how grassroots, sustainable, and human-centric projects could easily become the building blocks of the next economy. One organic farm in particular has been a shining example of how economic systems that take human and environmental needs into account could uplift communities.

Odd Lots: What the Berkshires Learned by Launching its Own Currency

From Bloomberg: Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance and economics.


"Buy local" is a mantra that has appeal across the political spectrum. Small communities have preached this gospel for a long time. The current U.S. president advocates a version on a national scale. So how do you put it into practice?

 One experiment has been taking place in the Berkshires -- a region in the U.S. state of Massachusetts -- that has its own currency called Berkshares. On this week's Odd Lots podcast, we speak with Alice Maggio, the executive director of the currency, about how a regional currency works, what it accomplishes, and what they’ve learned from it.

Spare a BerkShare?

By  Massachusetts’ Berkshires mountain region enjoys spectacular views, glorious fall foliage, a notable farm-to-table food movement, and one more thing that similar regions don’t have: its own currency.

BerkShares, the local currency, was introduced in 2006 by the Berkshires-based Schumacher Center for a New Economics as a project in sustainable economics. Consumers and businesses can go to 16 branches of four community banks in the region to purchase or redeem BerkShares, a paper currency featuring local scenery and portraits of famous area figures.

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