Last month, a business improvement group in Ardmore, PA issued $15,000 in local currency, which citizens bought at half the face value and which can be spent like real money in stores and restaurants in the downtown area. Strangely, despite the 50% savings promised only $2,900 of it has been spent so far, with thrift stores receiving more than any other type of business. The group is going to launch another money printing campaign in November to try to boost holiday sales, preferably of new things.
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I love a good thrift store....
ReplyDeleteJust wait until the Federal Reserve finds out about this!
ReplyDeleteThe Fed is the only private "for profit" organization that can print its own money.