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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (93983)	8/28/2012 9:13:42 AM
From: Snowshoe	1 Recommendation Respond to of 218672

>>The direction is not quite right in so far as encouraging savings go<< Please stop being so Chinese! :o) The idea is to encourage spending, not saving. They should go a step further and try "Gesell money"... The Wörgl Experiment: Austria (1932-1933) lietaer.com 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).*