2012/11/05
For shame
I wondered why the Wikipedia page on Wörgl did not mention why an incredibly successful monetary system trial "was terminated by the Austrian National Bank" in 1933. Bernard Lietaer explains:
"200 townships in Austria wanted to copy it. ... the central bank panicked and decided to assert its monopoly rights. The people sued the central bank, but lost... The case went to the Austrian Supreme Court, but was lost again. After that it became a criminal offence in Austria...
"...Only a central authority saviour can help people who are not allowed to help themselves locally. ...when there is enough demand, supply always manifests... During the Anschluss of 1938, a large percentage of the population of Austria welcomed Adolf Hitler as their economic and political saviour. The rest is well known history."
Holy Shift.
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