Largely not, but these would be privately issued where foodstamps are primarily goverment issued.
Big part of the thing woudl be that people cared about what they empower. With the blank check system now your lollipop vendor might be fuelling drug cartels and while people can get in trouble for financing terrorism consumers do not care ot can’t care about what they empower. Some could argue and do argue that this is part of why money is powerful and enforces peace.
If you lived in a small village and the assasin came to spend big on your bar you would know you would be receiving blood money and it might make sense to turn down the business even if it hurt your bottom line. In a big world money doesn’t smell and the anonymity of it obscures what structures are used. In a society that wants to be consumer choice driven it might make sense to strengthen how informed that opinion forming is and purposefully increase transparency.
We understand when countries give big loans to each other political considerations dominate. If we would barter it would be clunky but these kinds of considerations would be taken into account. That it doesn’t apply to midlevel business seems to be a property/limitation of the abstractions used.
How is that different then footstamps?
Largely not, but these would be privately issued where foodstamps are primarily goverment issued.
Big part of the thing woudl be that people cared about what they empower. With the blank check system now your lollipop vendor might be fuelling drug cartels and while people can get in trouble for financing terrorism consumers do not care ot can’t care about what they empower. Some could argue and do argue that this is part of why money is powerful and enforces peace.
If you lived in a small village and the assasin came to spend big on your bar you would know you would be receiving blood money and it might make sense to turn down the business even if it hurt your bottom line. In a big world money doesn’t smell and the anonymity of it obscures what structures are used. In a society that wants to be consumer choice driven it might make sense to strengthen how informed that opinion forming is and purposefully increase transparency.
We understand when countries give big loans to each other political considerations dominate. If we would barter it would be clunky but these kinds of considerations would be taken into account. That it doesn’t apply to midlevel business seems to be a property/limitation of the abstractions used.