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The Wörgl solution. Gesellian money.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker
by Migeru (migeru at eurotrib dot com) on Tue Jan 10th, 2012 at 12:49:00 PM EST
[ Parent ]
In Greece it does not even have to be Gesellian. In fact, I would argue that Gesellian money is a crude hack to get around having your fiscal policy institutionally crippled: If you are politically prepared to go Gesellian, then you should also be politically prepared to flat out print money and institute (implicit) hard currency rationing.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Jan 10th, 2012 at 02:03:17 PM EST
[ Parent ]
Communism and socialism are not dead, they're sleeping.

Align culture with our nature.
by ormondotvos (ormond no spam lmi net no spam) on Tue Jan 10th, 2012 at 11:11:11 PM EST
[ Parent ]
Neither is fascism.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker
by Migeru (migeru at eurotrib dot com) on Wed Jan 11th, 2012 at 05:41:27 AM EST
[ Parent ]

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