› How Many Potomacs in a BerkShare?
Today most money around the world takes the form of fiat currency: Currency that has no intrinsic value. Fiat money is only valuable because people believe it has value. This raises a question: Couldn’t a group of people get together and agree to accept some differently-decorated pieces of paper as money? Yes, actually, they could, and communities around the US have created their own local, taxable, legally valid currencies, especially in the last few years.
