Monday, July 18, 2016

David F. Ruccio — Legal fake money

Often times, people’s economic ingenuity—outside and opposed to run-of-the-mill economic and political thought—is truly impressive.
Such is the case in a far corner of southern Italy, where “transactions in fake currency are not only accepted by local shopkeepers, they are positively encouraged.”
This is both a complementary and complimentary currency. It complements the national currency and it is free (complimentary), distributed as part of a local voucher system.

Occasional Links & Commentary
Legal fake money
David F. Ruccio | Professor of Economics, University of Notre Dame

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