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What role do complementary currencies play in alleviating poverty, creating income equality, and building sustainable communities? According to John Boik PhD, a vital one. Founder of the Principled Societies Projectand author of the book Economic Direct Democracy: A Framework to End Poverty and Maximize Well-Being, Boik designed a multi-faceted framework for local democratic systems of which a complementary currency is a key element. A computer simulation model that describes the book’s proposed local-national currency system saw median and mean take-home family income more than double, income inequality nearly eliminated, and the unemployment rate drop to 1 percent over the 28-year simulation period.
