Silvio Gesell, much praised by Keynes, sought to abolish exploitation while maintaining a decentralised, individualistic economy. His solution was, first, to nationalise land and, second, to ban interest. The rent on nationalised land would, in Gesell's eyes, be sufficient to replace taxes. Interest-free loans would be complemengted by money with artificially increased carrying costs: people would have to buy stamps to stick on bank notes in order to have these keep their nominal value. This would act as an incentive to spend money and thus prevent unemployment. Unfortunately, local experiments in the 1930s were nipped in the bud
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