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. See Scrybe's post just before this one.
That document does not describe any theory, does not appear to be about economics so much as jealousy, and can hardly be thought of as comprehensive. Zero for three.