Conclusion: Toward A Monetary Democracy
Local governments need ways to increase employment and to pay for local services like education, child care, healthcare, waste management, fire and police protection, infrastructure and administration. Even after all exchanges facilitated through conventional money have been completed, there remains clearly a variety of unmet needs in our communities, and at the same time there are underutilized resources available that could meet those needs. As we have explained earlier in Creating Wealth, complementary currencies allow localities and regions to link such unmet needs with unused resources and thereby create additional wealth in the local economy. They also provide a mechanism that ensures that this wealth will benefit local people, rather than being siphoned off to distant headquarters.
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Document Type: Research Article
Publication date: April 1, 2011
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