unitcurrency

28 may 2015 10:32am

for clarity sake of communicating my idea

let's call the unit currency in circulation a $

let's also say that each human being born into the world and living day-to-day

is given (awarded) one $ per day of life

everyone gets their $ added to their account at the 24-hour mark of their birth timestamp

so a newborn accumulates $7 in the first week of life

let's also say that this new citizen cannot access the money until they turn 18 years old

so on the day they can start spending the money they have $6,574 (4 leap years assumed)

the fund disappears if the child dies before they reach the milestone

now imagine this has been the law of the land for decades

everyone has been given exactly the same thing day after day

independent of all else they do with their life

so there's an exact amount of known currency in the system (the new economy)

now imagine what the price of anything, you can imagine, costs

from a gumball to a new home

the gumball a small fraction of a $

the house maybe a few hundred $s

who knows what the free-market valuation solution will set at any particular point of time

new things come & old things go

and the system self adjusts the pricing of everything

if there's a huge natural disaster

money does not get added to fix the problem this creates

instead currency gets removed because people died

all the dead citizens' money disappears from the system & total pool

only their possessions can be given/taken/sold off by family or friends

crazy idea & system, right

yet a system could work this way in reality or in a game

so the question becomes is this better or worse than what exists today

does the stability trump all the other potential issues

i'm not sure how this debate would turn out

but i certainly think the debate is worth the time & effort to have in seeking out new solutions

for i believe there's little debate that a better solution is needed

if we want long-term sustainability

challenge me & start the debate