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They forgot that currencies other than the Euro could exist...

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Mon Dec 1st, 2014 at 12:23:11 PM EST
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Hoist on their own petard! It says nothing here about issuance of other currencies, such as Berkshire Bucks, or, indeed, such existing practices as Business Exchange dollar credits.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Dec 1st, 2014 at 11:35:08 PM EST
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A naive person like myself might ask how all these credit mechanisms, guarantees, etc. are not in themselves alternate currencies.

Experience keeps a dear school, but fools will learn in no other. -- Dr Johnson
by melvin (melvingladys at or near yahoo.com) on Tue Dec 2nd, 2014 at 02:02:29 AM EST
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An alternate currency circulates.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Tue Dec 2nd, 2014 at 04:52:40 AM EST
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In the USA BX operates nation wide. My brother exchanged the cost of chassis and alignment work for Tuscon and Pima County agencies for travel and lodging in various travel destinations, as well as treating us to some of the finer restaurants in Tuscon.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Dec 2nd, 2014 at 10:07:02 AM EST
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