Mises Wire

Local businesses creating local currencies

The USA Today reports that a “small but growing number of cash-strapped communities are printing their own money.”

The oracle for the nation’s news insists that the printing up of local currencies “help consumers make ends meet and support struggling local businesses.”

But, one of the people commenting on the article makes the point: “But the long and short of it is that it doesn’t cost the business or the customer anything more – likewise it doesn’t save them anything if they use the Chamber Bucks.”

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