Comment by Archelaos
4 hours ago
"the town and the community quickly went from an unemployment rate of over 30% to near zero"
According to Wikipedia the unemployment rate sank from 21% to 15%. -- https://de.wikipedia.org/wiki/W%C3%B6rgler_Schwundgeld#Auswi... (in German)
Still pretty good.
less of a "miracle", as the title claims, though
Countries will need local currencies during recessions and depressions. Here are just a few examples we track on our site: https://community.intercoin.app/t/currency-crises-around-the...
Here is a history of banking snd new forms of money in the USA: https://community.intercoin.app/t/history-of-us-banking-and-...
The fact is, from Berkshares to Disney Dollars, local currencies are not only possible, but they nudge everyone to buy local and hire local, strengthening the economy. The miracles have very good explanations :)
Also, it cured baldness.