Friday, November 15, 2019

Home production competes with the central banker

The Return of Multigenerational Housing

This is uncounted transaction that we counted before. Home barter replaces Fed money, and we have more home barter. We should be able to tell when the Fed loses share, price revisions should take longer to accuracy. 

This is merely a tech upgrade problem.  Good smart card can still swap its own coin in the household, maintain a fair work list for the kids. With some free aps and a tiny bonus, government could easily add this to a price index.  

Remember, SmartCard contracts have nearly zero transaction costs. Voluntary contracts are pure samples, by definition with the government. A lot of us don't mind government snooping if our cards can guarantee anonymity. Our SmartCards can obey a data release of known type, for cash, is an example. We get warned, we have an opt out, and contract is guaranteed meanwhile.

But even better, the New Fed is sandbox compatible, the home system can use dimes and nickels, and working the task list is still a breeze. In other words, cost cost of pricing the semanantic link in a contract assumed zero. Poker games, and so one, anything under $50 in bearer asset comes auto priced, on your command.

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