Create Your Own Money: Advantages Of Local Currencies

Great Barrington, MA has its own form of currency called a BerkShare. It’s not legally considered money, it’s what’s called a ‘paper scrip’. According to Wikipedia, paper scrip is “any substitute for currency which is not legal tender, and is often a form of credit”. You’re probably pretty familiar with the idea even if you didn’t know the term: gift cards, vouchers, and subway tokens are considered paper scrip. In a nutshell, BerkShares are kind of like a gift card that just happens to look and feel like a monetary bill.

Since paper scrip is not legal tender and does not counterfeit existing US currency, it’s perfectly legal to cr


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3 Responses to Create Your Own Money: Advantages Of Local Currencies

  1. Amy F. says:

    This is very interesting and something I was not aware of. Thanks for the article.

  2. poundwise says:

    I’m not personally familiar with the practice and I wonder about certain aspects of it, however, overall, it seems pretty cool to me.

    Thanks for the article.

  3. Terri says:

    While it’s a book written for women, Suze Orman’s Women & Money is a great education on finances book anyone could benefit from. It discusses everything beginning with opening a checking and savings account. I learned more than I knew and really enjoyed the way it was written.

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