Meet The Mayor Who Printed His Own Currency To Fight The Virus
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 20 July 2020
⏱️ 35 minutes
🧾️ Download transcript
Summary
With the virus crushing economic activity, local governments have had to cut spending and rely on Federal support in order to maintain basic services. But one town in Washington is also trying something else. Tenino, Washington has printed its own wooden currency to stimulate activity, and help out its residents and businesses that have been hit by the crisis. On this episode, we speak with Mayor Wayne Fournier about how he got the idea, how it’s going, and what he plans to do next.
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| 0:00.0 | There's so much news happening around the world that we're somehow supposed to stay on top of. |
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| 0:26.6 | Apple Podcasts, or wherever you listen. Hello and welcome to another Wiesenthall. |
| 0:45.0 | I'm Tracy Allaway. |
| 0:46.6 | And I'm Joe Wiesenthal. |
| 0:48.6 | So Joe, we like to talk about money on this podcast, don't we? We love to talk about money on this podcast, don't we? |
| 0:53.7 | We love to talk about money. |
| 0:55.1 | Of course, talking about market, talk about economics is always inherently or to some extent |
| 1:01.4 | a discussion about money, but we also like to discuss money itself as in the stuff, what it is, where it comes from, what gives it its value, how it evolves over time. |
| 1:12.0 | Those are of course some of my favorite. gives it its value how it evolves over time. |
| 1:12.9 | Those are of course some of my favorite |
| 1:15.0 | favorite episodes that we do. |
| 1:17.8 | Yeah, I know they are and that's why I think you're gonna enjoy this one |
| 1:21.3 | because we are going to dive into a sort of I want to say |
| 1:25.6 | brand new currency but it actually kind of has its roots in something very very old which is during the Great Depression we saw a bunch of |
| 1:36.4 | different towns and areas in the United States issue their own local |
| 1:41.1 | currencies we also saw sort of unions, work unions, |
| 1:45.0 | issue their own script. |
... |
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