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According to Gesell, all human-produced goods are subject to expensive storage, whereas money is not: grain loses its weight, metal products rust, housing deteriorates. Therefore, money has a supreme advantage over all other goods.
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in which demurrage is applied. In this case there was a gold storage charge of 1% per annum. The demurrage associated with e-gold is arguably expended by the currency operator to help cover real storage costs.
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or L'Europa (The idea to establish a L'Europa – monnaie de la paix from early concepts presented in an article in the French newspaper Le Fédériste on 1 January 1933) and bearing a demurrage charge.
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simply reduces this "primordial" interest rate, which is estimated to be somewhere around 3% to 5%, by an absolute, in order to lower the average interest rate to a value around 0.
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The name results from the idea that there is no incentive to store or hoard
Freigeld as it will automatically lose its value after some time. It is claimed that as a result,
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is a commodity basket currency proposal similar to Keynes's
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261:It is maintained by a monetary authority to be
220:(1862–1930), originator of the Freigeld concept
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48:introducing citations to additional sources
445:Michael Ende's last words to the Japanese
257:Freigeld has several special properties:
201:Learn how and when to remove this message
38:Relevant discussion may be found on the
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468:Interest and Inflation Free Money
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426:The Wörgl Experiment
421:Demurrage (currency)
338:liquidity preference
135:improve this article
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324:John Maynard Keynes
238:[ˈfʁaɪɡɛlt]
450:2006-10-10 at the
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486:Categories
432:References
393:In fiction
383:chiemgauer
292:currencies
253:Properties
161:newspapers
150:"Freigeld"
70:newspapers
59:"Freigeld"
301:(it is a
285:demurrage
279:cash flow
271:deflation
267:inflation
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470:. 1995.
448:Archived
410:See also
352:Examples
346:Freigeld
243:monetary
230:Freigeld
100:May 2007
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