Comments ( 4 )
  • Viewing 1 - 50 of 4

Starting with Reagan, the Republican Party of the USA had a policy of cutting taxes for the rich while spending on corporate-wellfare and pork for the rich, thus generating enormous annual deficits and rapidly building debt. The party-leaders new that this was unsustainable, but only cared that it would last the lifetimes of the campaign-donors.

Now, we rapidly approach 3*10^13 U$D in debt. The USA might not be able to pay the interest. If that happens, The USA would have to either default or print money for at least paying the interest. The least bad solution ——¡we have no good solutions to this problem! —— would be to print 3*10^13 U$D and pay the debt down to 0.

In the aftermath, we shall have hyperinfation and no debt. We should keep the no debt by abolishing corporate wellfare and pork for tthe rich, while raising taxes on the rich, We should try to run annuaal surplusses and have reserves of money in the budget. I thought of a motto for the new taxpolicy:

"¡Make Taxes Progressive Again!"

If you owe money now, the hyperinflation will be great because you will be able to pay off your myriads (myriad is a fancy word for 10,000) of debt for the price of a cup of coffee. If you have myriads in savings, you can spend that on a donut to go with your coffee, which is not so good:

If one has substantial savings, one might want to buy stocks. The intrinsic value of the businesses will remain the same, so after a few month, the cash-value of the stocks will have the same buying power as before the hyperinflation.

Rather than having Mickey-Mouse-Money, we might want to redo the currency:

USCurrency has terrible usability, especially for the visually impaired.

Coins:
I propose that coins have holes in their centers, so that they can be strung or rolled. They should be bimetallic with aluminum and nautical brass. (silvery and golden), with the metals on the outer edges alternating as the denomination increases. Each denomination should be 2 times the volume and mass as the previous denomination (linear dimensions would increase by roughly the cuberoot of 2 (∛2)). The smallest denomination would be circular, then the denominations would have the shape of curves of constant width, up to the largest denomination, which would be circular again.

Bills:
I propose that bills have the same height. With the smallest having an aspect ratio of 1. The Aspect-ration would increase linearly by the natural ascending numbers.

Initial Buying Power:

The cheapest things one can buy individually are gumballs for .25 U$D. Because of inflation, they will soon go up to .50 U$D. I propose that the .01 new U$D have the buying power of the .50 U$D as of 12020-01-01T00:00:00Z HC.

The Numerical Sequence of the Currency:

We should minimize radix-economy (the number of denominations we have times the average number of bills and coins given out as change). 3 has the lowest radix-economy of any integer because it is closest to e. The sequence should be 1,3:

000.01 U$D
000.03 U$D
000.10 U$D
000.30 U$D
001.00 U$D
003.00 U$D
010.00 U$D
030.00 U$D
100.00 U$D

Bills versus Coins:

Most countries have the unit and the next higher as coins, but greater as bill and smaller as coins. 010.00 U$D and greater can be bills, while the 003.00 )$D and smaller can be coins.

Bad Dragon
Group Admin

7198946 Why not bitcoin? It's more divisible than any real coin could be.

7199007

Sometimes, one needs a physical currency.

Bad Dragon
Group Admin

7199013 There's no reason why you couldn't have physical bitcoins.

  • Viewing 1 - 50 of 4