What If Money Expired? | NOEMA
www.noemamag.com
A long-forgotten German economist argued that society and the economy would be better off if money was a perishable good. Was he an anarchist crank or the prophet of a better world?
  •  sculd   ( @sculd@beehaw.org ) 
    2•8 months ago

    It can’t, which is why no country will use this system.

    There are plenty of ways in which we can combat unnecessary accumulation of wealth (cough, tax, cough). A depreciating currency is not one of them.

    Even communism might be easier to administer than this suggested monstrous system.