3 ms·
I think an MMT framing works well here. They give you $40. You're not explicitly required to list in the bulletin, but presumably for practical purposes you do
by maxbond 4y ago
I think an MMT framing works well here. They give you $40. You're not explicitly required to list in the bulletin, but presumably for practical purposes you do need to be in the bulletin to participate in this economy. So you're effectively taxed $6 per six months to continue participating in this economy.
So it is a kind of debt obligation but one that's voluntary, like a tax you can choose to forgo.
It reminds me a lot of Warren Mosler's Buckaroo experiment; they give you the money, then tax you, and your need to pay the tax causes you to sell labor denominated in that currency. (I'm having trouble finding a text source for this, but they described it in an interview here https://youtube.com/watch?v=LCUPBpSiISU https://youtube.com/watch?v=LCUPBpSiISU)
- neilwilson 4y agoHere https://moslereconomics.com/2011/09/19/the-umkc-buckaroo-a-curreny-model-for-world-prosperity/ https://moslereconomics.com/2011/09/19/the-umkc-buckaroo-a-c... This chapter mentions it in a more formal setting https://doi.org/10.1007/978-3-319-66376-0_7 https://doi.org/10.1007/978-3-319-66376-0_7