This Isn’t Monopoly Money: Reacting to Recession, U.S. Communities Adopt Local Currencies

In Detroit, a few Cheers will get you a beer. In Pittsboro, N.C., Plenties are accepted as payment in the food co-op and at Piggly Wiggly. And in western Massachusetts, BerkShares are as good as greenbacks in local businesses. These and other local currencies, created by grassroots groups and given names like the Cheer or the Mesa Buck, now work as stand-ins for the U.S. dollar.