In 1932, while the world struggled through the Great Depression, a small Austrian town tried an economic experiment. To stimulate the local economy, leadership in Wörgl created a local currency, or scrip, known in German as freigeld (literally, “free money”). Based on the thinking of Silvio Gesell, an early 20th century social activist and economist, the new currency was novel … [Read more...] about Could Local Money Work on Maui?