Gesell’s natural money is not just a theoretical idea. In the 1930s it was actually implemented alongside the respective national currencies in cities in Germany, Austria, Liechtenstein, Switzerland, France, Spain, the Czech Republic and in a couple of cities in the U.S.A. In some cases, with extraordinary success. In several US States there were even bills proposed to officially introduce a
... [Show full abstract] natural money as legal tender, and later, Irving Fisher advocated for nationwide introduction of such a non-hoardable dollar. This chapter surveys these experiments.