An interesting look at theories around "perishable" money.
A very interesting concept. Most resources in the world have a lifespan - even an iron bar will eventually rust. However, a dollar is as perpetual as the system itself.
On top of that, the entire economic system is designed to reward those who take more and give less - that is how you become rich, and being rich is the highest ideal.
However, if money had a lifespan... if it could "decay" just like the crops we grow, then things would change. If you try to sell a bushel of corn today, and there isn't much demand, you will need to lower the price to sell it. This is because it will go bad and then you will have nothing.
If you get paid a dollar today, and you know that dollar has a lifespan, then you are incentivized to spend it! If you have a million dollars that can expire, there isn't much use in holding or hoarding it... like the corn, it will go bad. So, you want to spend it - on things you need, or services, or by investing in equipment, training, research,etc. Heck - even just going on a trip or getting a nice meal is better than letting the money "rot" in a bank account.
I'm not so sure that something like this would work at scale. It seems to be more workable in smaller circles, like a LETS or local trade system. Still, the thought experiment is useful, and I thnk it helps to highlight how some of the problems we face are actually baked into the system.
From the article: 'Gesell believed that the most-rewarded impulse in our present economy is to give as little as possible and to receive as much as possible, in every transaction.
In doing so, he thought, we grow materially, morally and socially poorer. “The exploitation of our neighbor’s need, mutual plundering conducted with all the wiles of salesmanship, is the foundation of our economic life,” he lamented.'