Sunday, November 28, 2010

A New Economy

I've been kicking this idea around for a while, but I don't know enough economics to flesh it out. What if we started a new economy based on services rather than on goods or precious metals?
I'm not suggesting replacing the current economy; I am suggesting supplementing it.
I am imagining some kind of a system like a rewards program, coupons, or foodstamps where the currency is only valid for certain specific types of purchases. Every citizen could be given so many monthly econ-units that can be spent on housing, food, soap, water, and/or electricity, but nothing else. Transportation, entertainment, clothes, and so on will still operate entirely under the old economy. Like coupons or foodstamps, authorized venders can then cash in enon-units for regular currency.

Am I on to something here, or is this all just crazytalk?