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You would replace the interest ratio by resupply ratio (feeding expenditure taxes and income taxes for income exceeding UBI back into supply) in an UBI-backed m
by anticensor 7y ago
You would replace the interest ratio by resupply ratio (feeding expenditure taxes and income taxes for income exceeding UBI back into supply) in an UBI-backed monetary system. You could easily target zero inflation per capita in such a system.
- gumby 7y agoYes, this is a good idea. The current approach uses banks as the interface, hence the use of debt. Purely a mechanical artifact, not a moral issue as it is often taken by people fixated on microeconomics.