💰📉🌍 Silvio Gesell’s Forgotten Money: The Wörgl Experiment & Demurrage Currency

🤖 AI Summary

📉 Current global economic design causes inherent 💣 boom and bust cycles and ⚖️ inequality.
💸 Money holds an 👑 unnatural advantage over real goods because it does not 🍎 rot or incur 📦 storage costs.
🌾 Producers of real wealth struggle to pay 💰 interest to owners of money who produce nothing.
🕒 Interest acts as an ⛓️ unbearable burden that leads to 🏚️ bankruptcies and economic 🛑 paralysis.
💧 Free money or 🌊 Freigeld behaves like natural goods by 📉 depreciating over time.
🎟️ Demurrage fees eliminate the 🏦 incentive to 🐿️ hoard and force money to 🏃‍♂️ circulate.
🌍 Free land or 🏞️ Freiland removes 🏘️ speculation and returns 💵 rent to the 🤝 community.
🏔️ The 1932 Wörgl experiment used 📑 stamped scrip to 🚀 revive a 📉 depressed local economy.
⚡ Local currency circulated 🏎️ 14 times faster than the national 🇦🇹 Shilling.
👷 Wörgl eliminated 📉 unemployment and funded 🏗️ public works while the world 🏚️ suffered.
🏛️ The central bank ⚖️ suppressed the experiment to protect its 🔐 monopoly on money.

🏛️ Conventional 🏦 economics prioritizes 📈 stable currency value, yet the 🪙 Federal Reserve Bank of St. Louis notes that 📉 deflation can lead to 🧊 economic stagnation.
🧪 While 🏔️ Wörgl succeeded, the 🌐 International Monetary Fund often warns that 🧩 fragmented local currencies can 🌪️ destabilize national 💹 monetary policy.
🔍 Topics to explore: ⛓️ blockchain 🪙 demurrage, 🏮 modern local exchange systems, and 📊 Georgist 🗺️ land value tax.

📉 A: It is a 💸 carrying cost or 📉 depreciation fee applied to 💰 holding money to 🏃‍♂️ encourage spending.

🏛️ A: The 🇦🇹 Austrian National Bank ⚖️ sued to protect its 🔐 exclusive right to 🖨️ issue currency.

🤝 A: The 🏘️ community owns the 🗺️ land and 📉 leases it to users, using 💵 rent to 🚀 fund public 🏗️ services.

🌿⚙️ The Natural Economic Order by Silvio Gesell. 📖 This is the 🖋️ foundational text outlining 🌊 Freigeld and 🏞️ Freiland.
📗 Sacred Economics by Charles Eisenstein. 📖 It explores 💖 gift economies and 📉 negative interest 💸 currencies.

📙 The Ethics of Money Production by Jörg Guido Hülsmann. 📖 Published by the 🏫 Ludwig von Mises Institute, it argues for 🪙 hard money and ⚖️ private property.
📘 The Case Against the Fed by Murray Rothbard. 📖 A 🏛️ critique of 🏦 central banking from a 🦅 libertarian 🪙 gold-standard 📐 perspective.

📈📉 Progress and Poverty by Henry George. 📖 The 📐 classic work on 🗺️ land value 💵 taxation and ⚖️ economic justice.
🏛️💰 Debt: The First 5,000 Years by David Graeber. 📖 An 🏺 anthropological 📜 history of 💳 debt and 💸 money.