Acknowledgments Introduction The Evolution of the U.S. Monetary and Banking System: An Overview The Current Context and Objectives of Local Currency Issuance Barter: Evolution into a Modern Economic Tool Discount Scrip: Creating a Local Currency Pegged to the U.S. Dollar Local Currency Not Pegged to the U.S. Dollar Legal Aspects of Local Currency Conclusion Bibliography Index
LEWIS D. SOLOMON is Arthur Selwyn Miller Research Professor of Law at the George Washington University Law School. He is the author of 23 books including, most recently, Taxation of Investments (1994) and Corporations: Law and Policy (1994).
?This extremely interesting and provocative book should be read by
all concerned about establishing an effective payment system, and
especially by those who believe that the creation of a national
currency represents the penultimate development of a monetary
system...This brief volume contains ample food for thought about
the possibilities for a radical transformation of the payment
system in the next century.?-Choice
"This extremely interesting and provocative book should be read by
all concerned about establishing an effective payment system, and
especially by those who believe that the creation of a national
currency represents the penultimate development of a monetary
system...This brief volume contains ample food for thought about
the possibilities for a radical transformation of the payment
system in the next century."-Choice
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