Complementary Currencies in the Solidarity Economy: The Local Job Guarantee

Mathew Forstater
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Mathew Forstater: University of Missouri Kansas City

Chapter Chapter 7 in Full Employment and Social Justice, 2018, pp 159-167 from Palgrave Macmillan

Abstract: Abstract Proposals for a job guarantee have been put forward as national policies due to the flexibility the federal government has in paying for the program. This flexibility stems from the ability of the Treasury and the Central Bank to work in concert in using fiscal and monetary policies. An alternative route to job creation at the local level would be to use a complementary currency to pay for community service employment. This chapter examines the potential benefits of such a program in terms of environmental sustainability and other advantages of political and economic decentralization and localism.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:pal:bifchp:978-3-319-66376-0_7

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DOI: 10.1007/978-3-319-66376-0_7

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