Big Idea #1
What if currency was made out of food? We’ve heard about the gold standard and the silver standard, but those things are only valuable because they say we are.
I vote we use the food standard. More specifically, I’m envisioning something like apples. Maybe kumquats.
The new national currency on the left, the old on the right. Source: BabyCenter.com
Three arguments:
-We’ll never have to worry about stagnant markets again, because your money will rot if you don’t spend it quickly enough.
-There will be less of a tendency to hoard money because, again, your money will rot if you don’t spend it quickly enough.
-It’ll no longer be necessary to cut trees to print money because money really will grow on trees.
Big Idea #2
What if there was a bank that had no fees?
On a more serious note than kumquats, during my time with the Americorps organization City Year, I met a wonderful janitor at the Timberland headquarters. Every time I asked her how she was, she would respond, “I am happy. And you?”
Yet my old boss once told our corps of how every time she received a paycheck, the janitor had to spend $3 to have it cashed — which can amount to a lot when you don’t have a lot.
We hear every day of people having to take new loans to pay off the interest on old loans, maxing out credit cards, or simply not being able to get an account.
So again, what if there was a bank that had no fees? It didn’t charge to cash a check or use an ATM, or issue anything but debit cards so you couldn’t overdraw your account. It wouldn’t give you any interest on your account, nor would it expect any interest on your mortgage or a loan, and would specialize in micro loans. It wouldn’t sell debt, nor invest your money in other companies.
It would be called the National Mattress, since under it the entire nation could comfortably hide their money.