Elastic Republic is a research and policy initiative focused on building a next-generation public monetary standard. The proposed Ballot Standard Monetary Act would establish a legal and technical framework for a population-pegged monetary base administered by a proposed independent federal Public Credit Authority.
The Act presented on this site is a legislative proposal. Its proposed lawful-money status and federal issuance of Ballot Units would require enactment and implementation. These descriptions do not refer to an existing federal monetary program.
The Elastic Republic Ballot Market (ERBM) is the underlying monetary protocol for funding purposes. Universal basic income (UBI), public programs, and administration are uses of that protocol. Under the proposed policy, all demurrage proceeds would wholly fund UBI, distributed equally per capita. Administration would be funded through an ERBM relation, with no share of demurrage retained for operating costs.
To create a stable, democratic, and transparent monetary foundation that strengthens fiscal sovereignty and ensures equal economic representation for all individuals.
The framework, the Act, policy brief, and supporting research were developed by Michael Parziale.