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

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.