Post Carbon Fellow Michael Shuman’s Local Dollars, Local Sense got a rave review from John McClaughry, the vice president of the Ethan Allen Institute at VT Digger.

From the review:

It’s significant that Michael Shuman is not a Cato Institute libertarian, but a man of the Left. He’s a lawyer and longtime fellow of the leftist Institute for Policy Studies in Washington. But unlike the common Bernie Sanders socialist, whose answer to every outrage is a full bore government takeover plus coercive redistribution of wealth, Shuman is sharp enough to see that government has become an enormous obstacle to people wanting to make investments to improve their local communities and economies.

Let Shuman speak for himself: “What stands in the way of [a huge shift of capital from Wall Street to Main Street] is obsolete institutions and laws that make local investment extremely difficult and expensive. Securities laws from the Great Depression effectively enacted a system of investment apartheid, with ‘accredited investors’ being able to invest in any business they wish and ‘unaccredited investors’ being essentially told to get lost.”

Read full review