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Lunch » Tags » Economics » Reviews » Local Dollars, Local Sense: How To Shift Your Money from Wall Street to Main Street and Achieve Real Prosperity

Local Dollars, Local Sense: How To Shift Your Money from Wall Street to Main Street and Achieve Real Prosperity

2 Ratings: 4.5
2012 nonfiction book by Michael Shuman

Americans' long-term savings in stocks, bonds, mutual funds, pension funds, and life insurance funds total about $30 trillion. But not even 1 percent of these savings touch local small business-even though roughly half the jobs and the output in … see full wiki

Tags: Book, Economics, Business & Investing, Development & Growth
Genre: Business & Investing
Publisher: Chelsea Green Publishing
Date Published: February 20, 2012
2 reviews about Local Dollars, Local Sense: How To Shift...
review by . March 14, 2013
A good way to achieve real prosperity in America is to invest money in local businesses, instead of the multi-national conglomerates of this world. This book shows some ways to do it.      First of all, forget about the usual method, that of buying shares in a local store. The vast majority of investors are "unaccredited," and for a local store to legally offer shares to the public requires an accountant, a lawyer, and several thousand dollars in expenses. A way around …
review by . July 10, 2012
"For eight decades Americans have endured a system that all but banned 98 percent of us from investing in the local half of the economy. Few of us even noticed, let alone judged it an abomination. Why did it matter that our life savings went exclusively into global business while our communities fell apart?.......The wall cutting off 98 percent of the U.S. public from the other half of the economy needs to be torn down if we ever wish to restore economic viability to our communities." …
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Local Dollars, Local Sense: How To Shift Your Money from Wall Street to Main Street and Achieve Real Prosperity
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