Could a local jobs guarantee be funded by a local currency?
The town of Volos, Greece recently introduced the local currency TEM . I wonder if a local currency like that could be introduced in a US town and whether it could fund a jobs guarantee. I think of Philip Pilkington's description of a community controlled jobs guarrantee program:
The national government could set budget constraints for the local governments based on either a per capita basis or in relation to local unemployment rates. The local governments could then channel funds to already existing organisations – such as NGOs, grassroots community groups or charities – who could in turn use the funds to start up much needed projects and employ workers. If these organisations sought to expand their operations and required additional management staff they could then apply to the local government for an increase in funding. Local governments could also encourage the unemployed to form new organisations.
He also mentions that this sort of jobs guarantee has already occured in Argentina through the Jefes program.
I think about whether a local jobs guarantee funded by a local currency could be eventually pushed through here where I live in Berkeley since people tend to be a little more liberal and have had a time based local currency (BREAD). But sadly, the Berkeley Youth Alternatives garden program, a program providing minimum wages jobs with mentoring, exactly the sort of program that a Jobs Guarantee would provide jobs through, recently closed.
Maybe there is a huge amount of groundwork that needs to be done first in terms of highlighting how backward priorities are and then shifting them.