| Wörgl | |
| Coat of arms | Location |
 |
 |
| Administration | |
| Country |  Austria |
|---|---|
| State | Tyrol |
| District | Kufstein |
| Mayor | Arno Abler (ÖVP) |
| Basic statistics | |
| Area | 19.68 km2 (7.6 sq mi) |
| Elevation | 511 m (1677 ft) |
| Population | 12,043 (1 January 2008) |
| - Density | 612 /km² (1,585 /sq mi) |
| Other information | |
| Time zone | CET/CEST (UTC+1/+2) |
| Licence plate | KU |
| Postal codes | 6300-6302 |
| Area codes | 043-5332 |
| Website | www.woergl.at |
| Location of Wörgl within Kufstein district | |
 Coordinates: 47°29′0″N 12°04′0″E / 47.483333°N 12.066667°E |
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Wörgl is a town in Tyrol, Austria, in the Kufstein district. It is 20 km from the state border with Bavaria.
Contents |
Transport
Wörgl is an important railway junction between the line from Innsbruck to Munich, and the inner-Austrian line to Salzburg.
European route E641 connects Wörgl with Salzburg, the routes E45 and E60 (Austrian autobahn A12) pass through Wörgl.
Twin cities
- Albrechtice nad Orlicí, a small village of just over 1,000 inhabitants in the Czech Republic.
- Suwa, Nagano, Japan
The Wörgl Experiment
Worgl was the site of the "Miracle of Worgl" during the Great Depression. It was started on the 31st of July 1932 with the issuing of "Certified Compensation Bills", a form of currency commonly known as Stamp Scrip, or Freigeld. This was an application of the monetary theories of the economist Silvio Gesell by the town's then mayor, Michael Unterguggenberger.
The experiment resulted in a growth in employment and meant that local government projects such as new houses, a reservoir , a ski jump and a bridge could all be completed, seeming to defy the depression in the rest of the country. Inflation and deflation are also reputed to have been non-existent for the duration of the experiment.[2]
Despite attracting great interest at the time, including from French Premier Edouard Daladier and the economist Irving Fisher[3], the "experiment" was terminated by the Austrian National Bank on the 1st September 1933 on the basis of the "Certified Compensation Bills" being a threat to the Bank's monopoly on printing money.[4][5][6][7]
In 2006 milestones were placed, beginning from the railroad station through the downtown, to show this history, on top of questioning the authenticity of never-ending exponential growth triggered by the compound interest.
Notable citizens
- Reinhard Furrer, a German scientist and astronaut, was born in Wörgl.
- Gerhard Berger, a former Formula One driver and former co-owner of Scuderia Toro Rosso, was born in Wörgl.
- Stefan Horngacher, an Olympic ski jumper, was born in Wörgl.
- Hans Hömberg, a German film-director, dramatist and author, lived in Wörgl in his later years.
- Heinz Zak, an extreme climber and photographer, was born in Wörgl.
- Hans Peter Haselsteiner, a building tycoon and former deputy chair of the Liberal Forum, was born in Wörgl.
See also
External links
Wörgl's attempt in the 1930s to establish a local currency
References
- ^ Statistik Austria "http://www.statistik.at/blickgem/blick1/g70531.pdf"
- ^ http://alt-money.tribe.net/thread/70e5eb29-853d-44ca-9faa-b789d1757037
- ^ http://www.cato.org/pubs/journal/cj10n3/cj10n3-13.pdf
- ^ http://www.sunshinecable.com/~eisehan/woergl.htm
- ^ http://circ2.home.mindspring.com/TGWoerglCommentDistributed.htm
- ^ http://books.google.com/books?id=glqnzC-TLPMC&pg=RA1-PA237&lpg=RA1-PA237&dq=worgl+miracle&source=web&ots=I8CzhgeGUq&sig=TwFQG4bSH6yB06eWRajF3VItF1k&hl=en&sa=X&oi=book_result&resnum=2&ct=result
- ^ http://books.google.com/books?id=gJX1buNKHj0C&pg=PA159&lpg=PA159&dq=worgl+miracle&source=web&ots=BBZY1B7-Sf&sig=bOLswzZQZRK6wHyt8Z6DovT1QU4&hl=en&sa=X&oi=book_result&resnum=10&ct=result
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