$1,700? Even Bitcoin's Bear Case Is Bullish
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As part of the theory of FreiwirtschaftFreigeld 'free money', German pronunciation: The name results from the idea that freigeld bitcoin news is freigeld bitcoin news incentive to store or hoard Freigeld as it will automatically lose its value after some time.
It is claimed that as a result, interest rates could decrease to zero. According to Gesell, all human-produced goods are subject to expensive storage, whereas money is not: Therefore, money has a supreme advantage over all other goods. John Maynard Keynes renamed the concept of basic interest articulated in Gesell's book The Natural Economic Order with the more familiar term liquidity preference. Being "liquid" — having money — is a great advantage to anybody, much more so than having comparable amounts past utility of freigeld bitcoin news product.
The result is that people will not even provide zero-risk, inflation-corrected credits unless a certain interest rate is offered.
E-gold is an example of a modern private currency in which demurrage is applied. The demurrage associated with e-gold is arguably expended by the currency operator to help cover real storage costs. Bernard Lietaer 's terra is a commodity freigeld bitcoin news currency proposal similar to Keynes's bancor or L'Europa [ clarification needed ] and bearing a demurrage charge.
The chiemgauer is a regional community currency in a part of Bavaria, using a demurrage system. Michael Ende has stated to have had the concept of aging money in mind when writing his children novel Momo. From Wikipedia, the free encyclopedia. This article is about monetary unit named Freigeld. For Demurrage, see Demurrage currency. This article relies largely or entirely on a single source. Relevant discussion may be found on the talk page. Please help improve this article by introducing citations to additional sources.
Interest and Inflation Free Money. Retrieved from " https: Local freigeld bitcoin news Monetary reform Freiwirtschaft. Articles needing additional references from May All articles needing additional references Wikipedia articles needing clarification from March Webarchive template wayback links.
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