21 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? 6 comments share 6 comments share save hide report block hide replies
Did anybody else notice the part about "You will own nothing, and you will be happy". The World Economic Forum has already made this proposal.