Renaissance Fare

12.07.08 9 years ago 28 Comments

Prepare thyself to render to Caesar what is Caesar’s. Trade in your pu-pu-puttering tin can on wheels for a Quarter horse and buggy. Tally-ho down the town square and set ye old clock tower back two to five minutes, just to let all surrounding establishments know ye be running on your own damn time. And finally, get thee to your First Bank of Local Money and tell them we’re headed back to olden times when every town has its own notes.

As the Chicago Trib reports…

Residents from the Milwaukee neighborhoods of Riverwest and East Side are scheduled to meet Wednesday to discuss printing their own money. The idea is that the local cash could be used at neighborhood stores and businesses, thus encouraging local spending. The result, supporters hope, would be a bustling local economy, even as the rest of the nation deals with a recession…

Incentives could be used to entice consumers into using the new money. For example, perhaps they could trade $100 U.S. for $110 local, essentially netting them a 10 percent discount at participating stores.

It’s not a new concept—experts estimate there are at least 2,000 local currencies all over the world—but it is a practice that tends to burgeon during economic downturns. During the Great Depression, scores of communities relied on their own currencies.

And it’s completely legal.

Ooowweee… if you allow LC Dub to design the local money it’ll be graphics by P, have a question mark in place of where Gotty’s face should be and be surrounded by decorative Day-Glo paint splashes. Bills will be blacklight sensitive for enhanced performance at the titty bar. Coinage would return to Old English terms, and before you know it you’ll be buying ale at the pub for 2 quid, 10 pence. And since we have purple fives already, I’d say we’re not too far off from making this dream a reality.

“Milwaukee Neighborhoods Could Print Own Money” [Chicago Tribune]


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