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Buy Local or Don’t Buy At All December 10, 2008

Posted by A Texan In Grad School in Economic Theories, Environmentalism.
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Megan McArdle calls it a sign of the times that scrip, local community-based currency, is starting to make a come back.  She compares this to the instances of scrip during the Great Depression.  She asks if this is a negative sign regarding Bernanke’s helm at the Fed.

Personally, I think this is more demagogueing with regard to the current recession.  Every political movement is trying to capitalize on the strife.  Environmental groups are pushing a “Green” New Deal.  Now, the buy local movement is trying to grow also.  Check out this great episode of Econtalk about buying local with Russ Roberts and Don Boudreaux.

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