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Fri Jun 19, 2020, 11:49 PM

Tenino washington keeps the town alive by prining its own currency.. what a cool idea!!

If the money changes hands a lot then many people stay employed. Pretty cool!! keep the money within the group.


https://thehustle.co/covid19-local-currency-tenino-washington/?utm_source=pocket-newtab

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Reply Tenino washington keeps the town alive by prining its own currency.. what a cool idea!! (Original post)
Flash953 Jun 2020 OP
soothsayer Jun 2020 #1
TreasonousBastard Jun 2020 #2

Response to Flash953 (Original post)

Fri Jun 19, 2020, 11:56 PM

1. I remember hearing that money flows 7 times

...around a rich neighborhood.

In a poor neighborhood, it flows just once before it leaves.

So, yeah, itís an excellent idea.

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Response to Flash953 (Original post)

Sat Jun 20, 2020, 12:43 AM

2. Many details missing, such as who or what is backing this currency, but...

macroeconomic arguments over dual currencies be damned. It looks like this won't hurt many and might let some get a few extra meals.

If, and a big if, this stuff moves around enough to gain real value, everyone should be happy.

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