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General News    H4'ed 8/7/20

A Depression-Era Idea Gets a New Look: Local Money

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Alternative Currencies Grow in Popularity
Alternative Currencies Grow in Popularity
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Fans of “complementary currency” are betting that this Depression-era idea for keeping towns alive by printing local money can prove its worth as pandemic relief.

Such so-called complementary currencies — a broad term for a galaxy of local alternatives to national currencies — have been around for centuries; according to research published in the journal Papers in Political Economy in 2018, 3,500 to 4,500 such systems have been recorded in more than 50 countries across the world.

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Scott Baker Social Media Pages: Facebook Page       Twitter Page       Linked In Page       Instagram Page

Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former President of Common Ground-NYC (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of articles for (more...)
 

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