3 August 2013 - Detroit Dollars

It’s too late for Detroit, but what if the city had its own currency? When your key industry and most of your population wander off, you are going to get money trouble, but having to go bankrupt merely to force your lenders to accept their fair share of the pain is crazy. Instead, denominate your payments in Detroit Dollars. As Detroit crashes, the Detroit Dollar crashes along with it and everyone suffers equally with no complicated legal mechanism required. Or if the city booms, everyone benefits.

You vote in your own town, right?