from yesterday's SLATE: >The LA TIMES's "Column One" describes the blooming of a little-known economic phenomenon cropping up here and there in small communities threatened by the outflow of local cash to say, big retail chain stores in the nearby city: the creation of local currencies, good only in town. There are now, says the paper, 65 such local denominations, like the Ithaca (New York) HOUR (the original--created nine years ago), the Berkeley BREAD, and Kansas City's (Missouri or Kansas? The paper doesn't say) Barter Bucks. Surprisingly, local currency is clearly legal. U.S. law prohibits local governments issuing money, but not nonprofit collectives. < so I should set up a nonprofit collective and start printing? Jim Devine [EMAIL PROTECTED] & http://clawww.lmu.edu/Faculty/JDevine/jdevine.html
