http://www.bbc.com/news/uk-england-oxfordshire-22872563
How does it work? Does it work?
Local currency
-
laklak
- Posts: 21022
- Joined: Tue Feb 23, 2010 1:07 pm
- About me: My preferred pronoun is "Massah"
- Location: Tannhauser Gate
- Contact:
Re: Local currency
If enough people believe it has value then it has value.
Yeah well that's just, like, your opinion, man.
-
cronus
- Black Market Analyst
- Posts: 18122
- Joined: Thu Oct 11, 2012 7:09 pm
- About me: Illis quos amo deserviam
- Location: United Kingdom
- Contact:
Re: Local currency
Precursor to currency collapse. These are not the coins you want. 
What will the world be like after its ruler is removed?
-
Svartalf
- Offensive Grail Keeper
- Posts: 41070
- Joined: Wed Feb 24, 2010 12:42 pm
- Location: Paris France
- Contact:
Re: Local currency
Nice, but a bit difficult to use at the baker's
Embrace the Darkness, it needs a hug
PC stands for "Patronizing Cocksucker" Randy Ping
PC stands for "Patronizing Cocksucker" Randy Ping
-
PsychoSerenity
- "I" Self-Perceive Recursively
- Posts: 7824
- Joined: Tue Feb 23, 2010 1:57 am
- Contact:
Re: Local currency
A number of places have done them now. The value is tied to GBP (or whatever the national currency is) so the only difference it makes is that the money is fixed in the local region. It's a good way of resisting the increase in geographical wealth inequality when big corporations pump money out of local places out to wherever their executives/shareholders want to hoard it i.e. London, tax havens etc. because it can only be spent in the region it came from. It helps keep small local businesses and stores competitive against the various chains, supermarkets, internet shopping and such, by them having a sort of cooperative union and commitment to spend back into the local economy.
It's good business.
[Disclaimer - if this is comes across like I think I know what I'm talking about, I want to make it clear that I don't. I'm just trying to get my thoughts down]
-
JimC
- The sentimental bloke
- Posts: 74206
- Joined: Thu Feb 26, 2009 7:58 am
- About me: To be serious about gin requires years of dedicated research.
- Location: Melbourne, Australia
- Contact:
Re: Local currency
We'll all be back to the barter economy when the big collapse happens...
Nurse, where the fuck's my cardigan?
And my gin!
And my gin!
-
Xamonas Chegwé
- Bouncer
- Posts: 50939
- Joined: Thu Feb 26, 2009 3:23 pm
- About me: I have prehensile eyebrows.
I speak 9 languages fluently, one of which other people can also speak.
When backed into a corner, I fit perfectly - having a right-angled arse. - Location: Nottingham UK
- Contact:
Re: Local currency
It's the company store all over again! 
A book is a version of the world. If you do not like it, ignore it; or offer your own version in return.
Salman Rushdie
You talk to God, you're religious. God talks to you, you're psychotic.
House MD
Who needs a meaning anyway, I'd settle anyday for a very fine view.
Sandy Denny
This is the wrong forum for bluffing
Paco
Yes, yes. But first I need to show you this venomous fish!
Calilasseia
I think we should do whatever Pawiz wants.
Twoflower
Bella squats momentarily then waddles on still peeing, like a horse
Millefleur
Salman Rushdie
You talk to God, you're religious. God talks to you, you're psychotic.
House MD
Who needs a meaning anyway, I'd settle anyday for a very fine view.
Sandy Denny
This is the wrong forum for bluffing
Paco
Yes, yes. But first I need to show you this venomous fish!
Calilasseia
I think we should do whatever Pawiz wants.
Twoflower
Bella squats momentarily then waddles on still peeing, like a horse
Millefleur
Who is online
Users browsing this forum: No registered users and 24 guests