Policy Explainer

Understanding the Ballot Standard Monetary Act
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1. A Population-Pegged Monetary Unit

The Ballot Standard Monetary Act proposes a public monetary unit whose total supply is pegged to population rather than debt. Each person is associated with exactly one Ballot Unit, ensuring a predictable and democratic monetary base that grows only when the population grows.

2. The Public Credit Authority

The Act establishes an independent federal entity—the Public Credit Authority (PCA)—responsible for maintaining the ledger, enforcing eligibility standards, publishing transparent monetary data, and running block-based reconciliation cycles. The PCA is analogous to a central bank, but oriented around population and representation rather than credit markets.

3. Block Cycles and Reconciliation

The monetary system updates through deterministic block cycles that occur at fixed intervals. Each block applies an equal distribution of monetary weight, calculates demurrage, recomputes delegated representation, and ensures total supply remains exactly equal to population.

4. Demurrage: A Charge on Idle Balances

Demurrage is a small decay applied to unused balances. Revenues from demurrage are redistributed equally among all eligible persons, functioning as a micro-UBI and ensuring circulation without inflationary expansion.

5. Delegation and Sovereignty Levels

Individuals may delegate economic representation to others, forming organic networks of trust and civic coordination. Sovereignty Level (SL) measures the total representation a person holds. These relationships recompute every block cycle to ensure transparency, reversibility, and democratic flow.

6. Coexistence with the U.S. Dollar

The Ballot Unit is not a replacement for the U.S. dollar. It circulates in parallel, providing a debt-free public monetary layer while the existing dollar system continues unchanged. Nothing in the Act affects Federal Reserve operations, convertibility, or Treasury authority.

7. Why Population Instead of Debt?

A population-pegged monetary base offers stability, predictability, and democratic grounding. It eliminates refinancing risk, reduces dependence on credit markets, and creates a transparent baseline for public finance that grows in step with the people it serves.

8. Policy Applications and Benefits

Conclusion

The Ballot Standard Monetary Act introduces a new sovereign monetary layer anchored to population rather than debt. By framing monetary supply around people instead of financial markets, it offers a transparent, democratic, and resilient foundation for long-term fiscal stability.

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