Conversation

Here’s a modest proposal for a bottom-up QE: system where *everybody* (humans, human collectives, corporations, governments) can issue public bonds on their own future. With or without blockchain mechanics. These bonds back a microservices type currency *matched by states*... 1/n
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Anyone can buy anyone else’s bond that the seller is willing to sell to. State does a matching buy if a bond sale isn’t discriminatory using a money printer go brrr mechanism. Matched bonds become mutually tradeable via a dollar-denominated bond market. Unmatched ones are alts.
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Gift certificate backed economy basically. Instead of centralized regulatory oversight, you get peer-based regulatory oversight within some limits. Like the personal ERC20 ICO economy everyone was excited about in 2017, but linked to fiat economy via stare-backed bond market.
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We need imaginative new fiscal mechanisms. This 2007-08 rerun that’s being cued up, with a crappy $1200 airdrop bolted on, is just kicking the tin can down street. Need to let everybody bet on everybody instead of Congress betting on Wall St with table scraps for the rest of us.
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Essentially a debt-for-equity whereby “consent of the governed” is swapped for “entitlements”. It’s the natural conclusion... but you can’t simply skip over the DTCC when your strawman “lives” there. You gotta buy “him” out first. Transfer fee would be about $2MM.