The history of Wörgl is a bit debatable. There are some accounts that state that their alternative currency quickly devolved to essentially circulating within t

The history of Wörgl is a bit debatable. There are some accounts that state that their alternative currency quickly devolved to essentially circulating within the city hall, because others became disillusioned about it, in particular its loss of value. The problem is: I cannot find the link to this article anymore, because searches invariably turn up tons of positive articles that all use suspiciously similar wording - kind of as if somebody with an agenda was consciously working on copy&pasting similar texts all over the internet. At its core, the idea underlying the Wörgl experiment is actually very simple and most likely true: When a monetarily sovereign government isn't afraid of spending, they can do good things. You don't actually need an artificially value-losing currency for that, you just need the political will for spending.