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Creating and exchanging promises (credit obligations) builds thriving communities and should be enshrined a basic human right. The story of Wörgl is the first implementation of demurrage (currency) . It has been an inspiration for Grassroots Economics and many others. I hope it inspires you and you share the hope you find here with others. Thanks Alison Malisa for sharing it with me. This video was taken from from: Wörgl (Austria), 1932: The world economic crisis is at its peak, radical political movements emerge. In a small Austrian community, the engine driver Michael Unterguggenberger accepts the mayor's office against better knowledge. But how is he supposed to save Wörgl? The power of despair and the support of his wife Rosa form the breeding ground for a daring experiment: Unterguggenberger wants to print his own money without further ado - so-called work confirmation no
