Local Currency for Community Development: Policy Barriers and Support

摘要: AbstractLocal currency holds promise for relieving poverty while enhancing social capital and helping communities meet goals. In spite of this, governmental policies have created barriers to its full success. This article examines local from a community development perspective, reviews the policy environment in United States, identifies changes that can support currencies. Four major types currency—proxy, fiat, exchange trading systems, time banks—are described. Federal US Constitution, statutes, tax regulations as well state prohibitions are examined.