Thursday, April 9, 2009

Massachusetts BerkShares: Not Such a Goofy Idea

"Communities Print Own Currencies to Keep Money Local"
FOXNews (April 9, 2009)

"GREAT BARRINGTON, Mass. — It looks like Monopoly money, but the colorful currency created by collaborators in the western Massachusetts town of Great Barrington is legal tender.

"The creative cash is called 'BerkShares,' a play on words, referring to the mountainous region called the Berkshires, where businesses and citizens have come together to support each other in these tough economic times...."

An interesting idea. I think I can understand the feelings behind having a strictly local currency: but I'm not at all sure that this is a good idea.

Beyond Great Barrington, Massachusetts and BerkShares: Business Bucks

The idea behind BerkShares is something that businesses can (and do) use: an association of businesses can agree to treat ChamberBucks, or whatever, as real money. Accounting could be tricky, of course.

I've got a notion for using the idea of 'play money' in an online setting, too - oops. Too late. It's gone now.

Maybe it'll come back.


Mark Herpel said...

There is a ton of info on how to treat CC's for accounting purposes.

Here is one of the links

Accounting Procedures for BerkShares
Editor of Community Currency Magazine

Brian, aka Nanoc, aka Norski said...

Mark Herpel,

Thanks for the link(s). I counted two of them: but think I know what you meant.

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