Reforming the economy with multiple currencies
Our national economies appear to be breaking at various points that are hard to fix without substantial reform. I suggest that many problems within an economy such as the US that have traditionally been addressed by complex, intrusive, and not all that effective legislation, can be addressed more elegantly by redesigning money. I propose splitting a national currency such as the US Dollar into three or more currencies. These currencies would be: Consumption Dollars, used for retail purchases. Persons would obtain Consumption Dollars by exchanging Investment Dollars they receive as their income. The exchange rate would start at 1:1 and become progressively more expensive as a person acquired more Consumption Dollars in a certain time frame. Investment Dollars, received as income. All dividends, salaries and wages would be payable in Investment Dollars. This currency would be used to purchase companies and shares of companies, and could be lent to others who will invest it in this way.