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).

• AcknowledgmentsIntroductionThe Evolution of the U.S. Monetary and Banking System: An OverviewThe Current Context and Objectives of Local Currency IssuanceBarter: Evolution into a Modern Economic ToolDiscount Scrip: Creating a Local Currency Pegged to the U.S. DollarLocal Currency Not Pegged to the U.S. DollarLegal Aspects of Local CurrencyConclusionBibliographyIndex

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).

• AcknowledgmentsIntroductionThe Evolution of the U.S. Monetary and Banking System: An OverviewThe Current Context and Objectives of Local Currency IssuanceBarter: Evolution into a Modern Economic ToolDiscount Scrip: Creating a Local Currency Pegged to the U.S. DollarLocal Currency Not Pegged to the U.S. DollarLegal Aspects of Local CurrencyConclusionBibliographyIndex