I agree with Umair as far as this article goes. This is an example of how ignorant those in finance are of history, as J.K. Galbraith noted, and I think it is intentional in their training because history reveals the present and without it we remain confused about what is happening. The critical omissions in this article are about Silvio Gesell's ideas being utilized in Germany & Austria to create 'free money' which was creating prosperity in the midst of the depression 1932-33 until the bankers insisted the government ban the demurrage currencies. They had found the solution and then it was banned. Think they were angry? Cities around the world wanted to duplicate the miracle of Wörgl. Irving fisher even wrote a book to explain how a municipality could duplicate it. Also ignored in this article was 'the Chicago Plan and 'the 1939 Plan for Monetary Reform' which would have ended the depression in weeks but was against the profit motives of the dominant financial industry which still controls Congress. We have a solution but the big money is as always aligned against it. monetaryalliance.org