DECENTRALIZED DEMOCRACY

Foundational principles and practical approaches to creating a decentralized version of such systems as fiat currency, banking, taxation, budget allocation and self-governance at the state and local level. Main characteristics of decentralized governance are that the people vote on the money supply and its sources, tax and interest rates; the majority voters may be financially liable to the minority voters if public spending defaults; non-monopolistic central banking system; stock market can be extended to small and medium business.