Post
Topic
Board Economics
Re: Blockchain = Powerful Tool for Keynesian Monetary Policy
by
odolvlobo
on 17/11/2012, 18:16:29 UTC
Simply demand a txn fee equal to 3% of coin-age (with age measured in years). This is just like instantaneously increasing the inflation rate by 3%. Take the fee proceeds and hand them out to banks. Voila. You have stimulated spending. Once the economy recovers, the txn fee can be lowered again. The inflation rate of every single block is completely at the bank's discretion. This is 100% impossible with the tools available today.

You aren't increasing the money supply at all. You are just transferring existing money from consumers to bankers.