On the “Miracle of Wörgl” in 1932, an Austrian experiment in local currency demurrage. - Despite its apparent success, and despite attracting the attention the likes of the French Premier Edouard Daladier and the economist Irving Fisher, the "experiment" was terminated by the Austrian National Bank - The Great Awakening

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On the “Miracle of Wörgl” in 1932, an Austrian experiment in local currency demurrage. - Despite its apparent success, and despite attracting the attention the likes of the French Premier Edouard Daladier and the economist Irving Fisher, the "experiment" was terminated by the Austrian National Bank (mises.org)

posted 1 year ago by CoolAsACucumber 1 year ago by CoolAsACucumber +21 / -0

A Free Money Miracle? | Jonathan Goodwin

Did a monetary miracle occur in a small town in Austria in the midst of the Great Depression?

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– Elcycs 2 points 1 year ago +2 / -0

We could easily implement something similar today. A monthly tax on checking and saving account balance would do it.

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