17 August 2008

Lewes, printing its own money

This is why a growing number of towns and cities worldwide are creating local currencies (the article has a few more details): "According to one analysis, 80 per cent of the money that goes into a supermarket till leaves the local economy immediately. By backing local stores such trends can be reversed"
In the case of Lewes, I liked this connection;
it is no coincidence that the town's most famous resident is the radical political pamphleteer Thomas Paine, credited with sowing the intellectual seeds of American independence. Etched under a painting of Paine on a wall of one of Lewes's churches is one of his most famous aphorisms: 'We have the power to build the world anew.'

Lewes, the proud town that is printing its own money | Business | The Observer:

1 comment:

Unknown said...

tremendous idea anything to counter those terrible bloody twins TESCO - WAITROSE that feel they have the town sown up!

"Spend and tax" not "tax and spend"

 I got a response from my MP which got me kind of mad. You'll see why as I reproduce it here. Apologies for the strange changes in types...