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Nothing like a hopeless recession to get people to undust the past.

Last December 28, Die Zeit published the following piece about a topic dear to our hearts...

Historisches Experiment: Das Wunder von Wörgl | Wissen | ZEIT ONLINEHistorical experiment: the wonder from Wörgl
Wie bekommt man das Geld zum Zirkulieren und in hoffnungsloser Rezession die Wirtschaft in Schwung? Ein österreichischer Bürgermeister wagte 1932 ein erstaunliches ExperimentHow does one get money to circulate and the Economy going in a hopeless recession? An Austrian mayor carried out an astonishing experiment in 1932.

Of all the ways of organizing banking, the worst is the one we have today — Mervyn King, 25 October 2010
by Migeru (migeru at eurotrib dot com) on Mon Jan 3rd, 2011 at 06:34:26 AM EST
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