News Cut has a post that links to a site about Minnesota paper money history — covering the time when banks and other institutions issued their own notes and scrip. If you like paper ephemera or Minnesota history, it's worth a look.
Turns out three-dollar bills weren't always phony.
It reminds me of reading an account of Picasso eating lunch in cafes and paying for it with a scribble. Issuing your own money would be the ultimate free market wet dream.
