Wednesday, September 30, 2020

My plot is completely mainstream economics

 It has all the parts, 'borrow in your own currency', embodied in Right to Coin, backed up bu Uncle milt and the monetary history. It includes liquidity policies like revenue sharing tried before. The generational over lap is accomplished by the work of doing i rather then the wish of dreaming it.

My plot is a repeat of American history, past, present and future.  A New Fed contract is standard procedure, has been going on since the founding. My plan deals with the state issues which you find as a central theme in mos American history books. My plan is backed up by good math.

The Overton object has to to with me dealing with the nitty gritty of it, finding and reducing the choke points. It is not smooth, but it does equilibriate to an uncertainty which we can reduce. We can get a technology upgrade, we can get a productivity improvement, can can cover more than half of the devaluation tax.

My goal has become more about Swift, it is a good ledger system. We can squeeze a five percent productivity gain if we liberate that system by giving the New Fed a much longer lease, and letting treasury handle in devaluation taxes. It is like taking Arpanet to a full Internet, we want to do the same with Swift. Rejuvinate the entire Swift system, banks and all rejuvinated by thie Swift platform once we get a mini Swift into our cash cards. Swift can make a great technology base for central banks. 

Swift has what none of he other ledger systems have, a long history of dealing with bearer cash.  Take that intellectual history, add to it digital bearer cash, and Swift easily dominates,especially of walled off better from Congress. In sandbox Swift is an easy and smooth cash protocol with its hierarchical clearing system. Any agent can keep cash of dump it into her corresponding Swift account. Each Swift bank already has keys and safe encryption, plus verify with timeout.  It is perfect for sandbox, if we can keep the monopoly fees under a quarter point, mostly. Sandbox will wipe out the devaluation tax with productivity. The blending between Swift cash, the trading pits, and the Swift ledger is simple, much easier done than bitcoin and block chain.

Even if he New Fed Swift system limits digital cash to fifty bucks a month, fine.  We would be busy for years with that getting efficiency gains fro the internet with point to point pay. That gain is a compounder with sandbox, a breadth and depth kind of thing. So, no, a puny 2% devaluation tax is not scary if we get the New Fed we need.

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