Here is a widely circulated op/ed from Iron Range/Duluth entrepreneur Jeno Paulucci, whose family’s tiny former Hibbing grocery store I once lived across from. This piece ran in Duluth and across the Iron Range this week. Paulucci says the economy needs “an enema.” And suddenly, he has our attention.
His idea: as in the depression, taxpayers should receive “scrip” or specialized currency that can be used to buy specific, economically-beneficial U.S.-made products. He says this would be more beneficial than the straight-up stimulus checks that we got before which most people used to pay debt.
Scrip. Enema. Lots of fun words today. I prefer scrip.
That’s an interesting concept. One problem though, what is made in the U.S. that is small enough to buy with a stimulus sized check, and is not a necessity, such as food?
Finding an answer is harder than you would think…
rutabagas