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Communities print own currencies to keep cash flowing - USATODAY.com
if the government can print their own currency and communities can print their own currency, maybe we should be getting out our copiers.
we could print out a 20 dollar bill, send it to the government, and tell them there is plenty more where that came from on tax day!
I think you misunderstand. These are equivalent to gift cards, they are supported and purchased by U.S. currency. There is no currency creation, expansion, or replacement here other than a minor increase in debt.
The only intention is to get people to spend locally, not a bad idea.
People should be free to print any IOU they like. Local currencies are the only defense for when our monopolistic banking cartel inflates the money supply and then deflates it. Of course that is why the IRS was created to insure that demand for dollars would always exist.
People should be free to print any IOU they like. Local currencies are the only defense for when our monopolistic banking cartel inflates the money supply and then deflates it. Of course that is why the IRS was created to insure that demand for dollars would always exist.
These kinds of policies are as old as coinage, starting around 700 BC.
Ultimately the purpose is for the ruling classes to extract rule-by-command labor and services from the rest of the members of a society, enforcing the rules through violence if necessary, though rule-by-command is obviously more efficient and durable.
It takes credible creative and responsible leadership, however, something that the current US ruling classes have failed to demonstrate recently and the outlook going forward is not bright.
Why do we need the Fed to print our money, exactly? Why can't states (or cities!) just print their own?
That was the case in the Roman Empire for centuries (in terms of coinage, not paper currency), but in the midst of a political and economic crisis in the mid-200s they shut down regional and local coinage systems and forced even local elite administrators to perform labor and services for the Imperial government.
See above post for the general principle.
Elite local administrators had been busy sponsoring and profiting from expensive local building projects, a policy increasingly in conflict with the Imperial government's wars in distant lands, straining supply lines and food supplies amidst serious energy constraints.
my original post was meant more as sarcasm towards our government's out of control currency printing, not a criticism of local spending. (which i think is a very good idea). i agree with view from the peak that this would certainly not be tolerated on a large scale.
i can control my own spending but the government cannot or will not control its spending.
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