Wörgl

Wörgl is a town in Tyrol, Austria, in the Kufstein district. It is 20 km from the state border with Bavaria.
Wörgl 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.