Rethinking Our Centralized Monetary System

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Rethinking the centralized monetary system is crucial as we near the 21st century, prompting a challenge to the federal monopoly on money production. The author advocates for local currencies that foster empowerment, self-reliance, and ecological sustainability. Three viable systems—barter, customer discounts, and local scrip unlinked to the U.S. dollar—are explored, emphasizing their business and practical implications. This thought-provoking work appeals to scholars, students, and policymakers engaged in political economy, money, and public policy.