One thing that really appeals to me is the relationship to average income. IF your coffee was 2 units, you'd know that was 2% of average daily earnings (although not yours). If your car were 20,000 units, you'd know that was 200 days earnings. It would actually make things more tangible in terms of normal work effort, the kind of debt taken on for purchases etc....
If you wanted these characteristics adjusted for your local market there could be versions of the currency for that market. All it needs is reliable and regular GDP (or another metric) reporting. El Salvador is dollarized, but a local version of this need not be. It could be paired to El Salvador economic data and provide the benefits of a local currency without the instability such a currency would normally have.
Anti-inflation: check. High degree of exchange: check. Easy to convert: check. Digital: check. Accepted in all the world? This depends on two factors. First, the exchange can only operate in one currency (due to buyback), but others can buy and sell this with whatever currency, good etc... they want. So it could be globally exchangeable so long as it is popular enough for financial intermediaries to provide the service. As far as being able to spend it, I could imagine a debit card that holds this currency and exchanges it for whatever local one you're spending on the spot.
This isn't about earnings, just a unit of currency. If you earn more, you could buy more of it. If you earn less, less. The goal is just to have a currency that counteracts inflation by auto-adjusting to something tangible - in this case GDP per capita. If GDP rises in USD terms (which could be due to economic growth or inflation), then this currency is worth more USD. If GDP falls in USD terms, then this currency is worth fewer USD. It doesn't adjust income at all - it just protects income from Fed manipulation or the vicissitudes of stocks, bonds etc...
I know it seems helplessly self-promotional, but I wrote a book that helps put people in the shoes of the locals and thus better understand (and understand what might actually make things better). It is a fiction thriller and so not a dry read at all. City on the Heights by Joseph Cox.
Those are the choices now, in part because both Fatah and Hamas are good at limiting *other* choices. If anybody breaks the basic formation they get castigated as undermining Palestinian rights, polluting Al Aqsa with Jews etc... I think it is important to undermine these forces of conformance - which is why I think Ra'am and the UAE are so important.
Hamas might force elections somehow. They are in the poll position. But I doubt it. There might also be intra-Palestinian violence unless Fatah takes a much harder line with Israel (which they are beginning to do).
Let me give a corollary argument more in line with the West. Let's say there was a government that made it illegal to say what you wanted to. Total lack of freedom of speech, no allowance to criticize the government.
There's a revolutionary group dedicated to speaking out. They regularly get arrested, killed, whatever. Their families and communities also get hit. They seem to have no chance of success.
There's another group that takes money from the government and occasionally says how good it would be if they could say whatever they wanted to. Materially and physically things are better, but they aren't making any progress on the freedom front.
If you had the chance for elections would you vote for the group that says what they want or the group that gets paid to be namby pamby?
Hamas is that revolutionary group and they are very popular because Arab/Palestinian/Islamic supremacy is worth more than everything else - and is worth risking everything else and worth standing up for even if it seems hopeless. Fatah is the corrupt group.
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The People's Currency
One thing that really appeals to me is the relationship to average income. IF your coffee was 2 units, you'd know that was 2% of average daily earnings (although not yours). If your car were 20,000 units, you'd know that was 200 days earnings. It would actually make things more tangible in terms of normal work effort, the kind of debt taken on for purchases etc....
The People's Currency
If you wanted these characteristics adjusted for your local market there could be versions of the currency for that market. All it needs is reliable and regular GDP (or another metric) reporting. El Salvador is dollarized, but a local version of this need not be. It could be paired to El Salvador economic data and provide the benefits of a local currency without the instability such a currency would normally have.
The People's Currency
Anti-inflation: check. High degree of exchange: check. Easy to convert: check. Digital: check. Accepted in all the world? This depends on two factors. First, the exchange can only operate in one currency (due to buyback), but others can buy and sell this with whatever currency, good etc... they want. So it could be globally exchangeable so long as it is popular enough for financial intermediaries to provide the service. As far as being able to spend it, I could imagine a debit card that holds this currency and exchanges it for whatever local one you're spending on the spot.
The People's Currency
This isn't about earnings, just a unit of currency. If you earn more, you could buy more of it. If you earn less, less. The goal is just to have a currency that counteracts inflation by auto-adjusting to something tangible - in this case GDP per capita. If GDP rises in USD terms (which could be due to economic growth or inflation), then this currency is worth more USD. If GDP falls in USD terms, then this currency is worth fewer USD. It doesn't adjust income at all - it just protects income from Fed manipulation or the vicissitudes of stocks, bonds etc...
The People's Currency
Another thing this would mitigate is the dark arts of Fed monetary policy, allowing people who want it something much more transparent.
Things You Can't See From There
I know it seems helplessly self-promotional, but I wrote a book that helps put people in the shoes of the locals and thus better understand (and understand what might actually make things better). It is a fiction thriller and so not a dry read at all. City on the Heights by Joseph Cox.
Things You Can't See From There
Those are the choices now, in part because both Fatah and Hamas are good at limiting *other* choices. If anybody breaks the basic formation they get castigated as undermining Palestinian rights, polluting Al Aqsa with Jews etc... I think it is important to undermine these forces of conformance - which is why I think Ra'am and the UAE are so important.
Things You Can't See From There
Nobody really knows, we just try to put ourselves in various people's shoes and understand as best we can.
Things You Can't See From There
Internal riots might simmer, but not end for a while. Hamas did very well in fomenting them and Israel did a very poor job of blunting them.
Things You Can't See From There
Hamas might force elections somehow. They are in the poll position. But I doubt it. There might also be intra-Palestinian violence unless Fatah takes a much harder line with Israel (which they are beginning to do).
Let me give a corollary argument more in line with the West. Let's say there was a government that made it illegal to say what you wanted to. Total lack of freedom of speech, no allowance to criticize the government.
There's a revolutionary group dedicated to speaking out. They regularly get arrested, killed, whatever. Their families and communities also get hit. They seem to have no chance of success.
There's another group that takes money from the government and occasionally says how good it would be if they could say whatever they wanted to. Materially and physically things are better, but they aren't making any progress on the freedom front.
If you had the chance for elections would you vote for the group that says what they want or the group that gets paid to be namby pamby?
Hamas is that revolutionary group and they are very popular because Arab/Palestinian/Islamic supremacy is worth more than everything else - and is worth risking everything else and worth standing up for even if it seems hopeless. Fatah is the corrupt group.