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Small-Town Currencies.(International Edition; CRISIS WATCH)(Brief article)
Byline: Tony Dokoupil
Americans may hoard cash as recession fears grow. But in Riverwest, an enclave of Milwaukee, residents have another answer to money trouble: they'll print their own. The proposed River Currency would be used like cash at local businesses, keeping the area economy robust whatever the health of the country at large.
It's an attractive idea in tight times. Communities print bills with serial numbers, anti-counterfeiting details and images of local landmarks. Residents benefit through an exchange system: 10 traditional dollars, for instance, nets them $20 worth of local currency. When businesses agree to value the funny money like real greenbacks, they also ...
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