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Best AI Stocks Insider Knowledge Stock Picks ✌️【Return Potential】✌️ Professional stock market analysis, real-time data, and expert recommendations for high-potential stocks. Take advantage of market opportunities and improve your capital growth with strategic investment plans.

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In Tenino – a community of less than 2,000 people halfway between Seattle and Portland – residents who can demonstrate an economic hardship caused by the pandemic can receive up to $300 a month in wooden dollars, subsidized by a City Hall grant program.

Best AI Stocks Insider Knowledge Stock Picks ✌️【Return Potential】✌️ Free real-time global stock indices and data to help you grasp stock market trends and achieve capital growth. The bills are made of wood veneer and are each worth $25. They can be used to purchase necessities and services from licensed or certified providers, as specified in theguidelinesby Tenino’s City Hall.

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“We basically treat the wood money just like cash,” Chris Hamilton, the store manager at Tenino Market Fresh, told 【 - Free Stock Market Trend Analysis 】. People have used the wooden bills to purchase groceries and home repair items at his shop.

“With so many people having financial troubles right now and not being able to work, it definitely helps,” he added.

“The nice thing is it keeps the business in town,” Hamilton said. “The currency is only good in Tenino, so it helps promote the small town and keep business local. It’s a two-fold win for people.”

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“I think people enjoy it and they appreciate it,” Fournier told 【 - Free Stock Market Trend Analysis 】. “There’s a direct, quantifiable economic aspect to it, but then also an intangible spirit of creating hope,” he added.

Local communities the size of Tenino’s face bigger hurdles when it comes to receiving state and federal pandemic relief, according to Fournier, so the currency is the city’s response to the circumstances.

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“That’s how we feel we have to do things around here, no one is coming to help. We have to step up and do it on our own.”

“You have to pull yourself up by the bootstraps,” Fournier said. “If we can inspire other communities to do that, we’re all going to be better off.”

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Best AI Stocks Insider Knowledge Stock Picks ✌️【Return Potential】✌️ Expert market predictions, real-time updates, and personalized investment advice designed to help you succeed. Seize the best investment opportunities in global stocks, metals, and energy markets. The Tenino Wooden Dollar was first printed in December 1931 when the local Citizens Bank failed and all bank accounts were frozen, according to city historian Richard Edwards.

Best AI Stocks Insider Knowledge Stock Picks ✌️【Return Potential】✌️ Gain access to professional investment advice, free market trend analysis, and real-time stock market data. Make informed decisions and unlock the full potential of your investments with expert predictions and guidance. At that time, the currency was backed by the local Chamber of Commerce rather than by the local government, and was the brainchild of local newspaper publisher Don Major, who thought to use his printing press for the purpose.

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Leonard Augsburger, the project coordinator of the Newman Numismatic Portal at Washington University in St. Louis, told 【 - Free Stock Market Trend Analysis 】 that currencyalternativesandscripwere very popular during the Depression era, especially after the1933 Bank Holidayordered by President Roosevelt.

“There were thousands of various scrip issues during the Depression, a lot of times coming from local municipalities, chambers of commerce, boards of education, or companies. They were all over the country and people were used to seeing them,” Augsburger said.

“They had by and large disappeared once people had confidence in the banks and the regular money supply was back to normal.”

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“This is sort of more akin to food stamps, where the government gives you certificates that are directly redeemable for food and primary needs.”

Best AI Stocks Insider Knowledge Stock Picks ✌️【Return Potential】✌️ Accurate stock market predictions with real-time stock indices, futures data, and global market trend analysis. Achieve stable growth and avoid losses by staying ahead with our expert recommendations. While government assistance through social programs is well-established, the Tenino Wooden Dollar is a more direct way for a local government to provide direct aid to individuals while supporting local commerce, according to Augsburger.

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But is Tenino actually printing money? Jesse Kraft, an assistant curator at the American Numismatic Society, doesn’t think so.

“No one is going to be held accountable for this because they are not actually creating money, as it’s legally defined. These are just tokens that are creating an economic stimulus,” Kraft told 【 - Free Stock Market Trend Analysis 】.

“It begs the question: what is money? It really is just something that someone is willing to spend and the other person is willing to accept,” Kraft added.

It’s unlikely the federal government would worry about the Tenino currency unless it became much more widely used, according to Augsburger.

“I don’t think that it would be prosecuted unless it really ramped up to a very, very large scale,” he said.

Fournier quoted Supreme Court Justice Louis Brandeis’ interpretation of the freedom of states to “serve as a laboratory; and try novel social economic experiments without risk to the rest of the country,” and the Tenth Amendment, which limits the federal government’s powers to those expressly granted by the Constitution.

Based on these tenets, Fournier told 【 - Free Stock Market Trend Analysis 】 Tenino’s micro currency experiment is “as American as apple pie.”

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“The global interest in this story is amazing and I sincerely hope it inspires other communities to try bold new ideas,” Fournier told 【 - Free Stock Market Trend Analysis 】.

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“We’re getting bombarded with requests from out of the city folks that want to purchase them, and they’re offering like seven times the face value.”

If Tenino residents were to resell their wooden dollars for a profit, Fournier would still feel like the currency met its stated purpose.

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