Liezen Inhabitants

A mayor DISCOVERS a solution for the CRISIS world La great Crisis economic world which begins in 1929, is triggered because the monetary policies of the U.S. Federal Reserve. Unemployment has spread like a plague and there is nothing else to buy. In the town of Worgl in the Tirol, Austria, 1. 500 people are unemployed and there are 200 families without resources. At that time Worgl had 4. 300 inhabitants.

Mayor Michael Unterguggenberger wondered: you people who want and know how to work can do it simply because there is no money to pay them?. In a book of Silvio Gesell read what you could do: issued vouchers for work that indicate a 1 to 1 with the shillings equivalence. For this reason the inhabitants of Worgl recognize them as money. At every end of month at this money should paste a stamp corresponding to 1% of the value of the ticket as a fee per use – rate of circulatory stimulation! On July 31, 1932 begins the experiment, with the first vouchers issued by the Mayor, paid workers who built the channels of sanitation. To save the fee for use, these soon deliver tickets to the Baker, buying bread. This in turn is rushing by delivering to the Carpenter who arrange the Windows. Carpenter leads them to the butcher for sausages, and East to the blacksmith for a new gate.

Both desire to save, citizens pay city tax in advance. With this the Mayor does fix the street. Thus the circle starts again. The inhabitants of Worgl have full employment and the city takes on a new infrastructure. The experiment is so successful that found imitators in other communes, including the municipalities of St. Polten and Lilienfeld, Kirchbichl in Tyrol and Liezen in Styria, finally are 200 municipalities that want to introduce similar to the Worgl monetary experiments in Austria.