ABSTRACT
The Chicago Plan proposed to impose on banks the obligation to secure all money that they lent by means of a central deposit, managed by a centralized public institution that would also be responsible for overseeing financial and monetary institutions at large during the great depression. The Chicago Plan figures as both an alternative and an antidote to other proposals that favor the constitutional prohibition of or a severe limitation on public budgetary deficits. This chapter discusses the origin and destination of the funds of the rotating credit and savings associations (ROSCAs) and of microcredit loans and also the money supply that is created when complementary currencies are set up. The chapter concludes that money can be considered as a common good and reiterating the relevance of the Chicago Plan a complement to alternative financial practices in the social and solidarity economy rather than an opposition to them.
