Posted: Mar 16, 2014 12:43 pm
by Clive Durdle
http://sacred-economics.com/wp-content/ ... k-text.pdf

http://www.lietaer.com/2010/03/the-worgl-experiment/

In 1932, in the midst of the Great Depression, the small town of Wörgl in Austria successfully experimented with its own local currency (in the form of a stamp scrip). Based on the thinking of Silvio Gesell, an early 20th-century economist, and designed to stimulate the local economy, the new currency helped put the population back to work, and inspired many other communities to want to follow its example, until the experiment was abruptly terminated by Austria’s Central Bank in 1933. The following is the story of the “miracle of Wörgl” as told in The Future of Money (pp. 153-155).