A currency backed by an investment passively tracking the cumulative international markets, with new shares (and thus new units of currency) issued in proportion to the growth of the world population, thus assuring that each unit of currency is worth a constant fraction of GDP per capita. (Start it off close to the value of a dollar, so it's worth about 1/30th of an average day's labor).
It's backed by something tangible, like "gold standard" people want.
But it doesn't deflate like a gold standard does.
It doesn't inflate either, except as the ease of producing things in general comes down with progress.
It tracks with the average value of labor, and thus serves as a kind of "time currency". — Forrest's note to himself
Maybe denominate the currency explicitly in times: one Hour (of gross world product per capita), one Day (of gross world product per capita), one Minute (of gross world product per capita), etc.
This also makes it really easy for everyone to see where they stand in the world economy: how many Years (of gross world product per capita) do you make per year? — Forrest's followup to that note to himself
Something about power and standardization and money and language, but all I got is that mishmash for now. Something, something about bedrock, tectonic plates, and the magma beneath. Very confused, i'm sure, but maybe there's something there? — csalisbury
I have no idea what I'm talking about, those graphs seem to correspond to the last stage in what the author of the linked article describes as a cyclical process : strong currencies inevitably devalue themselves, where finally debt is just too high that the central bank begins feverishly to print money and buy up debt until people start fleeing to other currencies. — csalisbury
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