Nice article and I have not seen anyone so far thinking about restructuring economy and to find solutions for the present money scenario like the author tried here.
I have few suggestions based on my experience. First we have to understand the present scenario and what will be the future scenario. Today's monetary woos are not created by system but by few individual like greedy politicians, Unethical Business People and Military dictators. Most of the country resources are diverted for unaccounted purposes in the name of development .
The present Money accounted and serviced through budgetary system for people are only spent for meeting the debt. Most of the banks present loans are also serviced for earlier loans in the name of debt restructuring. Very few amount is serviced for productive purpose.
Blockchain technology started in right direction by accounting the coins in first place. Later ethereum provided insight for possible business opportunities with token creation. If the same analogy is adopted then people can start using all their resources with the help of digital tokens. Artificial Intelligence and automation will drive digital resources utilization to new height.
Whether future economy will have government contribution for this change is matter of choice depending on how far selected people try to change economy ignoring populist measures is anyone’s guess.
When we reward every spending, one can accelerate the growth and it helps in motivating economy to spend more and negative value in account balance also one way is contributing to economy and it get rectified by spending more.
Asset Backed systems only result in Bitcoin Economy once again. People tend to give more weight to asset rather than creative business concept. ICO’s should have replaced bitcoin by this time and sorry to note that every ICO is carving either Bitcoin or ETH or LTH Etc.
When service or product is available from startups at competitive price compared to any other price, we should have a mechanism to provide opportunity to entrepreneur. Demand should create the system for supply.