Tough Times Lead to Local Currencies
With local economies flailing, communities across the U.S. are trying to drum up more action on Main Street. “Buy Local” campaigns are one way to go. But many towns–from Ojai, Calif., to Greensboro, N.C.–are considering going a step further and printing money that can only be spent locally.
Local Currencies: Communities Printing Own Money To Keep Cash Flowing
A small but growing number of cash-strapped communities are printing their own money.
Some communities are printing their own currency
Steve Carlotta’s family-owned camera store is struggling along with other mom and pop stores. But he’s found a way to compete with Internet stores and big-box chains.