Fiscal localism comprises institutions of localized monetary exchange. Sometimes considered a backlash against global capitalism, fiscal localism affords voluntary, market structures that help communities trade more efficiently within their communities and regions.
"Buy local" is the most visible face of fiscal localism. There are more complex institutions (both new and well established) that contribute to a community's ability to flourish. Institutions like credit unions, CDFI's (Community Development Financial Institutions), and local currency or complementary currency all can contribute to making communities more resilient and wealthy.
Local currency has been in the news most, with journalists citing the Berkshares in Massachusetts, and the Ithaca Hours in Ithaca, New York. Beyond these salient examples, there are thousands of local currencies all over the world.
- Credit union
- Community currency
- Informal sector (economy)
- Time-based currency
- Time Banking
- Buy local
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