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Silvio Gesell wasn’t a famous professor. He wasn’t a politician. He was a merchant who witnessed economic collapse firsthand — and came to a radical conclusion: Money itself might be the problem. While goods rot and labor fades, money can sit still and grow through interest. Gesell argued that this “privilege of cash” creates inequality, unemployment, and recurring crises. His solution? Make money expire. In this episode of History of Money, we explore: • The hidden power of hoarding • Why interest may not be what we think it is • The real-world experiment in Wörgl, Austria • And why central banks shut it down This is a historical and educational analysis. It is not financial advice. If you’re interested in the people and ideas that shaped the financial world — especially the ones you’ve never heard about — subscribe. History doesn’t repeat because people are foolish. It repeats because incentives stay the same. — History of Money