A democratic currency

Abstract

As an economics major, I have often heard it pronounced (largely correctly) that the great thing about money and the free market is that money is an extremely nimble decision-making process; money provides a way to measure how much value people can gain from something being created, or some service being done, and it also measures how much effort will be required to do so. This allows for things to be done when it creates more value for everybody than it destroys, and prevents things from destroying more value than they create. Money also allows for one person to be paid money for a large, complex service, and then for that same person to redirect parts of that money to induce other people to do smaller parts of the bigger task, allowing for coordination of large, complex tasks. This view is largely correct, and an important fact that among the general population is often missed.