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Humpy

Registered: Apr 2005
Posts: 2209

09-30-12 10:01 AM

Read this article about a small town that printed it's own money.

http://www.lietaer.com/2010/03/the-worgl-experiment/

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morganist
Moderator

Registered: Sep 2008
Posts: 3404

09-30-12 08:34 PM

Quote from Humpy:

Read this article about a small town that printed it's own money.

http://www.lietaer.com/2010/03/the-worgl-experiment/

I have seen things like this before the Liberty Dollar is an example. What happens is whoever does it goes to jail for fraud for a long time. The FED doesn't want competition.

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Eight

Registered: Mar 2009
Posts: 3351

09-30-12 08:34 PM

That really is interesting. A currency with a time limit might be a better stimulus than anything else that is being tried.

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MadeMan

Registered: Apr 2012
Posts: 75

09-30-12 08:48 PM

This was the veryfirst experiment that took place and it worked!
But then the Austrian FED , broke its neck., for beeing fraduelent
Ie. Printing money.... Basterds

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morganist
Moderator

Registered: Sep 2008
Posts: 3404

09-30-12 08:58 PM

Quote from Eight:

That really is interesting. A currency with a time limit might be a better stimulus than anything else that is being tried.

Any stimulus will have a negative effect on the economy whether it is timed or not. The problem is the level of output has been diminished by many factors. The main one being tax makes it hard for businesses to drop their bottom line.

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piezoe

Registered: Jan 2006
Posts: 4914

10-01-12 01:16 AM

It think Ithaca NY, home of Cornell Univ. has experimented with there own currency and may still be.

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