Term of the Day: Fiscal Localism

TERM OF THE DAY - OCTOBER 27, 2011 Add Investopedia to Safe Sender List Find Investopedia on Fiscal Localism What Does it Mean? Institutionalized monetary exchange focused upon local and regional aspects. Fiscal localism can refer to different theologies, but the most basic and easily recognizable form of fiscal localism would be the idea of buying locally. Advocates of the practice believe that fiscal localism allows communities to grow organically and more efficiently, as local merchants and consumers work together to further their resident economy. Investopedia Says... In addition to the idea of buying locally to support the local economy, local fiscalism can also include the use of a localized currency. By using a local currency, a... Read more » TODAY'S NEWSLETTER IS SPONSORED BY: Slideshow - 5 Simple Ways To Invest In Real Estate Although the real estate market has plenty of opportunities for making big gains, buying and owning real estate is a lot more complicated than investing in stocks and bonds.  View the Slideshow » Special Feature - Economic Recovery: Get Ready Take advantage of this once-in-a-lifetime opportunity in the financial markets. Click here for more. Related Terms Capitalism Classical Economics Free Enterprise Invisible Hand Socialism See More » Related Links The History Of Capitalism: From Feudalism To Wall Street The History Of Economic Thought Understanding Supply-Side Economics See More » Find Term Of The day Useful? Check out our other FREE newsletters! Stock Watch Weekly Forex Weekly News To Use Warren Buffett Watch Investing Basics The Chart Advisor Report Professionals in the Money You are currently subscribed to term-of-the-day as: newsforward@autoforextradingpro.com To unsubscribe or change your email settings, please click here. Copyright © 2011 - All rights reserved. Investopedia ULC.