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The Uni Currency Project: Democratic Finance for Public Higher Education After COVID-19

In: Care, Climate, and Debt

Author

Listed:
  • William O. Saas

    (Global Institute for Sustainable Prosperity
    Tulane University)

  • Benjamin C. Wilson

    (Global Institute for Sustainable Prosperity
    State University of New York College at Cortland)

  • Scott Ferguson

    (Global Institute for Sustainable Prosperity
    University of South Florida)

  • Maxximilian Seijo

    (Global Institute for Sustainable Prosperity
    University of California)

Abstract

This chapter describes a novel policy mechanism for revitalizing U.S. public higher education in the age of COVID-19. In place of the current tuition-as-revenue model, we propose the “Uni” model, whereby public colleges and universities tap their latent fiscal authority to issue and circulate complementary currencies. Like their U.S. dollar counterparts, Uni currencies will obtain value because they will be accepted by colleges and universities in payment for tuition, fees, meal plans, and rents. To outline the full potential of the Uni, a thought experiments situates it between local municipalities and receivability in property taxes and as an instrument guaranteed by the Federal Reserve. When implemented, the Uni system will enable colleges to keep workers paid and students safe throughout and beyond the current crisis.

Suggested Citation

  • William O. Saas & Benjamin C. Wilson & Scott Ferguson & Maxximilian Seijo, 2022. "The Uni Currency Project: Democratic Finance for Public Higher Education After COVID-19," Springer Books, in: Benjamin C. Wilson (ed.), Care, Climate, and Debt, pages 213-227, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-96355-2_12
    DOI: 10.1007/978-3-030-96355-2_12
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