Demurrage currency
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Demurrage currency, also known as depreciating money or stamp scrip in its paper money form, is a type of money that is designed to gradually lose purchasing power at a constant rate. Demurrage money
One Schilling note with demurrage stamps from Wörgl
Chiemgauer notes (2008 issue). Between 2003 and 2015, a "scrip" corresponding to 2% of the banknote value had to be paid every three months and affixed to the front of the bill in order to maintain an individual bill's validity.
Freiwirtschaft
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Freiwirtschaft is an economic theory and proposal founded by the German-Argentine economist Silvio Gesell in his 1916 book, The Natural Economic Order. Some of the basic economic ideas of Freiwirtscha
Demurrage currency
…of traditional money are antagonistic against each other. The German-Argentine economist Silvio Gesell advocated for demurrage currency as part of the Freiwirtschaft economic system. He referred to demurrage as Freigeld ("free money")—"free" because it would be freed from hoarding and interest. Gesell theorized that…
Silvio Gesell (1862–1930), the founder of Freiwirtschaft and Freigeld