Free Money: An Economic System

This is an introduction to the social reformer Silvio Gesell (1862–1930), and his theory of Free Money (Freigeld) within the Free Economy (Freiwirtschaft). Developed around the turn of the 20th-century, the goal of the system was to create a more egalitarian and stable economic system in which inflation and deflation were avoided, namely through the introduction of a “depreciating“ or demurrage currency (where you're charged for holding money), holding land in common and charging for its use (similar to Georgism), and unrestricted free trade. I also discuss a handful of experiments with Free Money, namely those tried in Schwanenkirchen and Wörgl (both during the Great Depression) and Shaymuratovo (after the Great Recession). Timestamps - 00:00 - Introduction/Historical Background - 01:19 - Gesellian Theory (simplified) - 04:19 - Praxis - 5:09 - Schwanenkirchen - 6:01 - Wörgl - 7:04 - Shaymuratovo - 08:19 - Conclusion Videos on Georgi