Table of Contents

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

About the Author

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).

Reviews

?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