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Neighborhoods Propose Printing Their Own Currency To Encourage Local Shopping

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my2sense Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-05-08 09:07 AM
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Neighborhoods Propose Printing Their Own Currency To Encourage Local Shopping
By Meg Marco, 2:14 PM on Thu Dec 4 2008

Two neighborhoods in Milwaukee are considering printing their own currency, which could be bought with U.S. dollars, but would be only accepted at local businesses, in order to encourage people to shop at home instead of Walmart.

It's not a new concept the Chicago Tribune says that lots of towns and neighborhoods relied on their own local currency during the Great Depression. It's also perfectly legal.

So what's the advantage for shoppers? Well, the currency could offer incentives trading $100 US for $110 in the local currency would give shoppers a 10% bonus, for example.

What do you think? Would you use a local currency in order to support your community? Or are you going to shop at Walmart until they pry the cart from your cold dead hands?

http://consumerist.com/5102038/neighborhoods-propose-pr...
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marketcrazy1 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-05-08 09:13 AM
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1. sure why not
I HATE WALL MART !!! on the day they collapse i will party my ass off!!
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