Coupon clipping

The old standby, 10% off a can of beans at the market.

Coupon clipping is standard money, I just want to remind everyone.  As standard money, coupon clipping becomes part of the Smart card technology, and appears just like any other currency, especially the US tax dollar. The only new addition is the banker bot, which offers savings and lending rates in units of 10% off coupons. The rates are set to the Black-Scholes strike price, mainly matching coupon flow variance with tax dollar flow variance. Otherwise, its business as usual, a much more accurate business, but the usual business.

So smart card technology does not eliminate the central banker'. The central banker  simply becomes more precise in discussing the word 'considerable'.

The subject is related to negative rates.  Negative rates is the condition when Janet Yellen, Jack Lew and Goldman Sachs have to charge us a transaction fee to manage the instability of government interest costs.  That transaction cost should be assigned to the tax payer, he is the one who ran up the debt. It is likely to be a half point, not much. But rather than charge the consumer negative rates, a fee to use the tax dollar, smart cards allow the real economy to separate out that fee and make the tax payer pay it directly to Goldman Sachs.