Posted 22/Mar 2010 at 21:23
by in News & Politics read by 16 people

Need more money? Print your own!

Now this is very strange. One of those news items you read three times to believe it.

Towns in the UK such as Stroud in Gloucester, Brixton in London and Lewes in Sussex have printed a local currency. Yes, their own pound. 

The objective is for local private and business people to use it and as such keeping the money local for everyone's benefit. Now the interesting thing is that there is no law against it as long as you don't pass it off as the official currency of the country.

Local currencies were very common up to the 17th and 18th century .... so if this is a good thing then progress is indeed revisiting history.

When there is little money around, people think of making their own and communities turn to barter mechanisms. This is especially tempting in situations where the wider economy slumps.

Interesting one to watch this... Where is it going to end?

The whole concept is wedged between a gift voucher and 'real money' all to support local trade and to create an economic cocoon by ensuring money stays local.

The Re-Launch of local currency.

Take it to the extreme we may all be printing our own money on our home printers.

You might also want to explore these likealots