Not enough money? This mayor just printed some more: As the COVID-19 virus continues to devastate businesses and the economy, local governments have had to come up with creative solutions in an effort to lessen the impact. The city government of Tenino, Washington made an interesting decision: the town is printing its own money, $10,000 worth, on thin sheets of wood that can only be spent in Tenino. The objective is to stimulate activity and help out its residents and businesses that have been hit by the crisis. There is even precedent for this move: the city issued its first wooden currency way back in 1931, during the Great Depression.
Comments