Denominations

Whose likeness is on the coin?

I would be interested to know if the government could administer all electronic financial transactions - or at least the infrastructure. People like financial advisers, banks and credit unions could repackage the wholesale credit, but switching from one bank to another would be close to free because it would just change one or two fields in a common data set.*

If the government controlled the electronic and cash infrastructure, it would be more feasible to reduce the fungibility of cash (if you wanted to). You could have a dole moneykind that worked for healthy food and drink, for heating and electricity bills, and for modest internet - enough to do text things like read, write and learn. You could have other moneykinds for objects of addiction, like technology. Or perhaps the moneykinds should be more and more fungible - the most desired work earns the most versatile money, basic non-destructiveness is compensated with basic necessities. The careful contracting of lending and the 'capital controls' and food vouchers instead of cash are all examples of where restrictions on how money can be used could be useful. But I'm not sure this is even an idea.

* we could call it the National... well the Commonwealth... well, we could call it something.

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