Biography

Gwendolyn Hallsmith, the director of planning and community development for the City of Montpelier, Vermont, is also the founder and board cochair of Global Community Initiatives and author of The Key to Sustainable Cities and, most recently, Creating Wealth: Building Local Economies with Local Currencies. She has over 20 years of experience working with municipal, regional, and state government in the United States and internationally.

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Note: This piece includes an excerpt from the authors’ new book Creating Wealth: Growing Local Economies with Local Currencies (New Society Publishers, 2011). The financial meltdown of 2008 highlighted the role that banking systems play in the world economy, bringing financial and monetary instability into focus as a driver of collapse. Not …

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