Local Dollars, Local Sense.
Americans' long-term savings in stocks, bonds, pensions, life insurance, and mutual funds total about $30 trillion. But not even 1 percent of these saving touches local small businesses, the source of half the economy's jobs and output. How can people concerned with poor returns from Wall Street and the devastating impact of global companies on their communities invest in Main Street instead? Local-economy pioneer Michael Shuman shows how even unaccredited investors-nearly 99 percent of Americans-can put their money into building local businesses and resilient regional economies, and profit in the process.
A rich resource guide, Local Dollars, Local Sense delivers the most thorough overview available of local investment options, explains the obstacles, and profiles the investors and entrepreneurs who have paved the way in this revolutionary approach to protecting your financial future and that of your community.
"Brilliant and perfectly timed. Local Dollars, Local Sense enables us to transform worry and confusion about our personal finances, and nation's, into rewarding action... [A] ground-breaking, liberating book!"
Frances Moore Lappe, Author of EcoMind.