First, let me say this: Freicoin looks like an interesting experiment. It appears that Freicoin proponents have a comprehensive economic theory, which appears wrong to me, but I could be wrong myself.
I, for one, would LOVE to hear it.
http://freico.in/about/
I hate to be the one to say it, but that freicoin manifesto is a cesspit of keynesian gibberish and populist nonsense. Calling it a "comprehensive economic theory" is to go zero for three.
Well, its a comprehensive economy theory. You may just happen to disagree with it.
As an aside the Freicoin network now has around 5GH/s hashing power. I couldn't be happier with how people from all over the globe have pitched in to help this fledgling cryptocurrency take off.