The Algorithmic Central Bank
“I’ve always been in favor of abolishing the Federal Reserve and substituting a machine program that would keep the quantity of money going up at a steady rate.” - Milton Friedman
Capture monetary inflation fully as interest. Price stability through a fixed equation for price.
Yield without Debt
“The long-term debt cycle, which goes on about once every 50-75 years, is when you begin a new type of money and a new type of credit.” - Ray Dalio
Shutting down the credit cycle for good. Bringing yields back up and out of financial repression.
“Price is what you pay; value is what you get.” - Ben Graham
Stake is offered starting at the best price: zero. Bidding the price to fair value is up to you.