Quote:
Originally Posted by Cymatic Veilbegone
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I'm inspired too!
My understanding is that he's proposing a system called "demurrage." Money depreciates in value by design. To remain valid, each piece of currency requires a monthly stamp costing 1% of its value. The currency is called "stamp scrip." Accumulation of wealth becomes a burden. Society changes.
This is a paradigm shift.
He said that the system was used in the town of Worgl, Austria in 1932 and it was working beautifully until it was outlawed in 1933 at the behest of a central bank.
He said something similar was used in the U.S. after the bank failures of the early 30s until F.D.R. banned all emergency currencies.
Interesting stuff...