Our Year Of Living (Beautifully) Without WalMart

Friday, December 5, 2008

power to the people!

Wisconsin's Solution To The Financial Crisis??

Milwaukee might soon be printing their own money.

For reals!

Residents from the neighborhoods of Riverwest and East Side will be meeting next Wednesday to discuss the possibility of printing their own money.

The cash could be used at neighborhood stores and local businesses.

As for the idea behind the cash printing, it seems the towns want to encourage local spending. They hope to boost the local economy due to the nationwide shitty recession.

One local community organizer said, "You have all these people who have local currency, and they're going to spend it at local stores. They can't spend it at the Wal-Mart or the Home Depot, but they can spend it at their local hardware store or their local grocery store."

So, what's the incentive for the residents?

One idea is to exchange money with a 10% increase. So exchanging $100 would give you $110 local Milwaukee dollars, allowing residents a 10% discount at the participating shops.

And all of this is completely legal. The only restrictions?

Communities can't create coins or bills resembling federal dollars.

***From Perez Hilton dot com

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