A few small New England towns have ditched the dollar altogether and have begun printing an alternative currency.
Towns surrounding Great Barrington, Mass., have adopted the “BerkShare.” The going rate is 90 cents for one “BerkBuck.” Businesses that accept the funky currency (which is adorned with the likes of Norman Rockwell and Herman Melville) treat them in parity with the dollar… essentially giving all BerkShare users a 10% discount.
$759,600 BerkShares are currently in circulation, and growing rapidly. “How long before Uncle Sam starts taking interest?” we can’t help but wonder aloud.
Thursday, June 21, 2007
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