Designed for governments
Money as a public service and the future of state-money
Traditionally, Central Banks create the initial money supply, lend it to other banks, which in turn expand that money to the wider public. These loans are expected to be repaid with interests, but because the money to pay interests is never created to start with, this creates an unredeemable debt. Central banks then issue more credit thus increasing the global amount of unredeemable debt which is now more than 322% of global GDP. This radical design flaw leads to an endemic, toxic competition environment and many other societal problems like over-consumption, financial crashes and inequality, just to state a few. So how might we create a mathematically viable form of state-money for the Fourth Industrial Revolution?