instead of fractional reserve banking new money should be created from care services such as healthcare
@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
@robryk as in I dislike state and the current way we do money, but this would be a patch
@cafkafk But in cases of loans all the parties involved are incentivized to create loans, because they believe this will increase the share of total money in existence that they own, no?
@cafkafk Hm~ so, you could make the same argument about the setup you're proposing.
