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If I remember correctly, in Worgl they basically issued some currency and dumped it on the population, that is, they gave money to everybody. I don't think the
by Tichy 14y ago
If I remember correctly, in Worgl they basically issued some currency and dumped it on the population, that is, they gave money to everybody. I don't think the experiment was run long enough to conclude that it was actually the demurring aspect of the currency that did the trick.
I'm too lazy to look it up atm (did it some years ago), but if my memory was wrong, perhaps I'll look it up again. I do remember thinking back then that there were other aspects besides the demurring to consider in Worgl.
Edit: I just read on Wikipedia, so the city didn't have any more money and they printed their own money which they used to pay people. I don't see the conclusive evidence that Freigeld was the important aspect of it.