3 ms·
The 'miracle of Worgl, Austria' would seem to indicate that it might be possible. https://mises.org/library/free-money-miracle https://mises.org/library/free-m
by shrubble 6y ago
The 'miracle of Worgl, Austria' would seem to indicate that it might be possible.
https://mises.org/library/free-money-miracle https://mises.org/library/free-money-miracle
If you don't like the Mises Institute there are many other descriptions. The Austrian National Bank forced the end of the experiment.
- notahacker 6y agoThe Worgl experiment was interesting, but as your link notes, it worked on the precise opposite principle to that claimed about crypto: people were paid in a [municipal] government issued currency which lost value at an unusually high rate at fixed intervals, and the result was that they paid their taxes on time...
- markwkw 6y agoFrom what i read now, this free money in the experiment had a built-in mechanism to prevent hoarding, therefore being quite the opposite to bitcoin in that aspect.