Schwundgeld is a form of currency that actively discourages hoarding/savings through aggressive rates of depreciation -- as in, notes issued at the start of January depreciate by 2% per month, meaning it is worth 98% of face value in February and 96% in March. This rate of depreciation incentivizes immediate use, or demand, in depressed economies. It also minimizes societal stratification due to financial accumulation, discourages hoarding, and minimizes non-productive behavior. "
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I had the same idea as this ' schwundgeld '. ( I thought of maybe inserting a tiny flexable chip with a little clock in it into every currency bill. It would be a little hologram thing, acting like a watermark, it would tell you the time and date, and be like a little meter showing how the bill you have is depreciating according to it's own little clock ) < There's a lot of reasons why this doesn't work out, and can only be done on a very small scale { say a local currency within your office building or something } >
{ Lots of things will get tried and discarded as we move along to something else. There'll never be any ' final economy ' despite what the Marxists or the Friedmanites think. We have all the technology for something better, what we don't have is better social / political situation < we're really at a dead end > Things'll shift around maybe seriously in how we do ' everyday life ' but not for a while yet ( I'm guessing years ) }
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