European Towns Creating Own Currencies
We'll probably have to do one of those impenetrable "What is money?" posts one of these days.And yesterday at CapX:
Not today though.
From CNBC:
QE Goes Local: Towns Coin Their Own Currencies....
***....The amount of local currencies across Europe has now reached 104, all of which are listed on complementarycurrency.org. Last week Bristol, a city in southwest England, launched the latest of these — the Bristol Pound....MORE
The demise of the Bristol Pound shows the folly of local currencies
- The only obvious beneficiaries of the Bristol Pound are the people who run the project
- The economic argument for local currencies is feeble - and was debunked in the eighteenth century
- Local currencies like the Bristol pound confuse wealth with money - and make their areas poorer as a result....
In 2013 it was: Alternative, Community and Private Currencies
Even earlier we had:
BANK RUN: "Second Life Closes Banks"
Credit: Prokofy Neva (a.k.a. Catherine Fitzpatrick)
Bank run: After Linden Lab’s Tuesday announcement that it was banning virtual banks in Second Life, some residents rushed to withdraw their virtual Linden dollars, while others (above) protested the company’s decision.
And many more. Including: "Bacon as Currency: Testing the Limits of What It Can Buy"