Tag Archives: support

printing money.

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Take the Wooden Money

During the darkest days of the Great Depression, the logging city of Tenino, Washington, created a complimentary wooden currency to help locals survive the economic crisis. Now, almost 90 years later, the town is once again “printing money” on postcard-sized sheets of maple to help locals suffering from financial hardship. Pegged at the rate of real U.S. dollars, the currency can be spent everywhere from grocery stores to gas stations and child care centers, whose owners can later exchange them.

“It worked perfectly,” says Tenino’s mayor Wayne Fournier, who offers residents who demonstrate they are experiencing economic difficulties caused by the pandemic a stipend of up to $300 a month in wooden dollars. These currencies aren’t actual replacements of real money. They are complementary currencies — a broad term for a galaxy of local alternatives to national currencies.

According to research published in Papers in Political Economy in 2018, 3,500 – 4,500 such systems have been recorded in more than 50 countries across the world. Typically they are a localized currency that can only be exchanged among people and businesses within a region, town, or even a single neighborhood. Many are membership programs limited to those who have signed up; they typically work in conjunction with, rather than replacing, the official national currency.

They take many different forms. Relatively few are based on paper money; many are purely digital or exchanged via smart cards. Their goals can span multiple economic, social, and environmental objectives. Some aim to protect local independent businesses. Some promote more equal and sustainable visions of society. Others have been founded in response to economic crises when traditional financial systems have ground to a halt. As the coronavirus pandemic brings on a wave of social and economic tumult, all three challenges appear to be in play at once.

In Tenino, which has a population of less than 2,000, the wooden money is printed using an antique 1890 Chandler & Price letterpress. Since the launch in May, cities from Arizona to Montana and California have been in contact with Tenino for advice about starting their own local currencies.

“We have no idea what is going to happen next in 2020,” adds Fournier. “But cities like ours need to come up with niche ways to be sustainable without relying on the larger world.”

“sharing money is what gives it its value.”

-elvis presley

 

credits: story – Bloomberg City Lab, Peter Young. photo – Jason Redmons, AFP

distance teaching/learning.

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“learning must travel the distance from head to heart.”

-gloria steinem

LANSING, Mich. – Michigan is escalating its response to the new coronavirus (COVID-19).

On Thursday night Michigan Gov. Gretchen Whitmer announced the closure of all Michigan K-12 schools, including public, private and boarding, in response to the confirmed cases.

The closures start Monday and will end on April 5, according to officials. Schools are scheduled to reopen on Monday, April 6.

 

here’s to the educators, support staff, administrators, and families. all working so hard to continue our connection and to share in our partnership of caring for, and teaching their children. in a very short time, i have seen amazing work being done on all sides to support this initiative.

out of stone.

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“i believe that one defines oneself by reinvention.

to not be like your parents.

to not be like your friends.

to be yourself.

to cut yourself out of stone.’

-henry rollins

 

 

 

credits: Chad Knight digital sculpture, right brained, wild child

make a difference.

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neighborhood resource fair serving detroit and hamtramck residents.

 

*GLOBAL DETROIT is a nonprofit regional economic development initiative that believes immigrants and refugees are critical to job creation, regional growth, and prosperity. Global Detroit is revitalizing Metro Detroit’s economy by mobilizing its immigrant potential. We are an innovator and expert in connecting international talent with regional businesses’ unmet talent needs, catalyzing the growth and development of immigrant entrepreneurs, revitalizing neighborhoods, and building a globally-competitive and inclusive region.

In addition to our local efforts, Global Detroit has spearheaded the creation of the Welcoming Economies Global Network (WE Global), a ten-state regional collaborative
of 20 peer local immigrant economic development initiatives across the Rust Belt. WE Global Network is a project of Welcoming America, run in partnership with Global Detroit.

 

“make a difference about something other than yourselves.”

-toni morrison

 

thank you Toni Morrison, for your many inspirational words.

 

 

credits: *global detroit (image and story), WE global

 

 

2001.

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what began as post #1 in may of 2012

has led to post #2001 today.

thank you to all who

view, read, comment, chat, post, and share.

i appreciate each and every one of you

even in those far away countries

where i may have only 1 loyal reader

you have all offered me

great support

much food for thought

inspiration

and most of all

wonderful human connections.

 here’s to the next 2001.

“i think statistics go in one ear and out the other.

all of us respond to stories more than numbers.”

-koren zailckas

 

 

 

image credit: metro goldwyn mayer, media.com