Martin,
Yes I understand your idea now and I like it. It seems to come from the local currencies of Greece and Argentina during their financial crises.
It would encourage local production and community both of which I believe to be important to a pluralistic fluid society.
However I think we should have an umbrella system (global) that ensures international trade can occur and all have access to it. My payment would go to all not just those who “need it the most”. Economic systems have a habit of concentrating wealth so they need a mechanism that can lubricate the wheels of trade (so to speak) and I think a flow siphon and flat payment does this well on a global scale. It can also act as a real time money supply regulator. If you siphon as a percentage of flow but pay back at a set rate it collects more in overactive economies and can continue to pay (bottom up) when confidence fades.
I also have a problem with negative interest or time based money. It doesn’t allow saving for the future and encourages consumption. People need security and should not be encouraged to transact when they don’t want to.
Your thoughts?
Kind regards
David Campbell