Debating the Nature of Capitalism and Private Property with Josh Sidman (WiM573)
The "What is Money?" Show
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Revitalizing Economies: The Principle of Demurrage
This chapter explores the concept of demurrage as a fee on hoarding money to promote circulation, highlighted by a historical case in a small Austrian town during the Great Depression. It details the implementation of a complementary currency that encouraged economic revitalization until its discontinuation by the Austrian Central Bank.
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