> Wörgl was the site of the "Miracle of Wörgl", beginning on 31 July, 1932 during the Great Depression.
> the "experiment" was ended by Austria's central bank Oesterreichische Nationalbank on 1 September 1933
So all the fancy demurrage stuff could not have had much effect at all. Sounds like they could have issued pretty much any kind of currency with the same end result. With that time period being economically tumultuous in general, drawing any sort of conclusions is pretty much impossible. Maybe the biggest learning here is that rallying local community around some stunt like this can provide genuine, if temporary, boost to the local economy; the exact details of the thing matter less if you just get community to buy into it.
> Wörgl was the site of the "Miracle of Wörgl", beginning on 31 July, 1932 during the Great Depression.
> the "experiment" was ended by Austria's central bank Oesterreichische Nationalbank on 1 September 1933
So all the fancy demurrage stuff could not have had much effect at all. Sounds like they could have issued pretty much any kind of currency with the same end result. With that time period being economically tumultuous in general, drawing any sort of conclusions is pretty much impossible. Maybe the biggest learning here is that rallying local community around some stunt like this can provide genuine, if temporary, boost to the local economy; the exact details of the thing matter less if you just get community to buy into it.