Local Currencies Flourishing Amid Recession
The local currencies are gaining popularity during this recession as a way to preserve local economies and support local businesses.
"Last popularized during the Great Depression, scrip, or locally created stand-ins for U.S. currency, is making a comeback. Pittsboro, population 2,500, is one of a handful of communities that launched its own money in recent months. It reports an avalanche of calls from other communities that have lost faith in the global financial system."