Complementary Currencies/BoK EN - Stamp Scrip: verschil tussen versies
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== General Description == | == General Description == | ||
Stamp Scrip was emergency currency issued by cooperatives, associations, municipalities, companies and ordinary citizens during the financial and economic crisis of the 1930’s. They re inspired by the ideas of the economist Silvio Gesell. The unique aspect of stamp scrip is that it is free of interest. Instead most stamp scrip is characterized by a demurrage; a fee for hoarding money. Usually it means that, with predetermined intervals, a stamp should be bought and attached to the scrip in order for the scrip to remain valid. In some cases stamp scrip looses its entire value after a predetermined period of time. Stamp scrip usually circulated within small communities of households and businesses, complementary to the national currency. Especially the United States, Germany and Austria witnessed the emergence of stamp scrip such as the ‘Wära’, ‘Arbeitswertscheinen’ and the Chicago Recovery Certificates. | |||
== Purpose == | == Purpose == | ||
Versie van 23 sep 2010 15:46
General Description
Stamp Scrip was emergency currency issued by cooperatives, associations, municipalities, companies and ordinary citizens during the financial and economic crisis of the 1930’s. They re inspired by the ideas of the economist Silvio Gesell. The unique aspect of stamp scrip is that it is free of interest. Instead most stamp scrip is characterized by a demurrage; a fee for hoarding money. Usually it means that, with predetermined intervals, a stamp should be bought and attached to the scrip in order for the scrip to remain valid. In some cases stamp scrip looses its entire value after a predetermined period of time. Stamp scrip usually circulated within small communities of households and businesses, complementary to the national currency. Especially the United States, Germany and Austria witnessed the emergence of stamp scrip such as the ‘Wära’, ‘Arbeitswertscheinen’ and the Chicago Recovery Certificates.