Someone asked what I had learned about local/alternative currency during the Asheville Currency Project in 2005.
A- As best my quickskim of Bill's link above seems to say that between 1863 and 1912, a bank could apply for a National Charter. If it got it, then it could print money. No idea what the qualifications, checks & balances were for this.
I wish had taken Econ 215 at UNCA [A study of commercial banking, the Federal Reserve System, the United States
Treasury, how money influences the economy, demand for money and monetary policy.
Prerequisite: ECON 101. Fall.] Maybe I should this fall.
B- When I was at the PLENTY annual meeting in Chapel Hill in Nov. 2005, it was held at the UNC-CH Currency Collection
I couldn't pull off getting the Curator, whose salary at that time included him the opportunity (and obligation?) to ....
lecture at various places in North Carolina about the collection, among other topics.
But we should bring him to Asheville.
And we should think about raising funds-- equal to, say, 0.5% of the CVB budget of 4.3 million-- this would be $20,000, to fund research into such an effort.
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