Thursday, June 7, 2018

Euro be competing with...

Swiss franc, dollar and bitcoin.  Easy to do.

Free the Euro from central bankers, free the central bankers for dual pricing at home.    Nothing wrong with a voucher program, internally, special pricing for voters.  But, the Euro should meet the sandbox version of currency issuance, liquid mark to market.

Governments thus encouraged to price basic government goods in the Euro, that sets the pricing mechanism.   Internal swaps  more balanced by the vouchers, or even explicit contracts with citizens via the tax system.  

Or, more simply, put everything in Euro and the domestic economies can offer prequal insurance to their local constituents via the tax system.  Then everything goes Euro, the insurance function moved to smart layer. This latter solution is what was intended, but they got local central bankers locked in as member banks, a violation.  They need congestion price entry and exit.

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