I just wanted to add to your introduction about the money supply. Money is created whenever a business, private company or the government is requesting a loan from the banking system. Every new loan created in the Banking System will become debt and therefore new Money.
It is a false perception that central banks are printing "most" of our money. Its private businesses and individuals who are everyday requesting new loans and paying off old debt.
To make a brigde to our Steem Ecosystem...I would love to see a "loan" mechanism that is funded by the Steem Inflation rate. Whenever a business wants to build something here on Steem they should be able to receive a loan (if they have any valuable assets as security) for their project. With that loan new development and projects will be funded for the Steem Ecosystem and the Businesses also have to pay back the loans with Interest. This interest could be "burnt" or re'invested into the Steem Reward Pool.
With such an mechanism we would have a great tool for funding another tool to influence the inflation rate and the Reward Pool. And it would support new Development and Businesses here on Steem.
Now our Inflation rate is tied to real economical growth and business projects.
What do you think about this idea?
Thanks for your great Post!!!!
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There are loads of good ideas floating around and as much as it hurts my pride, nobody gives a flower about what I think of them :-)
What matters is what gets implemented. And what gets implemented depends on the politics of steem with the Discords and the "other communication channels which shall not be named" and so on and so forth. Like in real life :-)
Thanks for contributing to the debate! :-) I let the "powers that be" answer what they think about the loans idea :-)