instead of fractional reserve banking new money should be created from care services such as healthcare
@cafkafk Creation of money makes value of existing money lower, so I would expect that binding creation of money to something would cause everyone with money to be incentivized to stop that something (unless that something has a side effect of increasing the amount of money _they_ have too).
@robryk currently fractional reserve banking is how money is created, through loans from banks (as in they loan out money they don't have and thus they are created). We have hardly seen a decrease in loans or speculation, so I don't think so, I think it would incentivize care, something that we fundamentally need to create a workforce in the first place, just like any other public good, workers themselves should be maintained by the state, at least that's the version I'd go with if I had to compromise, I'm a lot more radical about this
@cafkafk Hm~ so, you could make the same argument about the setup you're proposing.