The big message I took away from the Charles Eisenstien book was, money is a social fiction. The rules for how money functions were set up before humans discovered algebra, so we had no way to understand the long-term implications of the monetary system, particularly the effects of compound interest.
However, since money is a fiction we can collectively choose to change the rules. As I'm sure most of you know, our current system runs on a currency that is backed by nothing of material value, can be created out of thin air by a privately owned organization, is then sold to our banks and government with an amount of debt greater than the value of the currency itself. That's all before the banks start their fractional reserve process of turning each dollar they receive into $9.00 of debt.
I propose 3 types of currency that we should use as replacements for the currently meaningless $ point system. In my proposal the global currency is personal information. Each person is entitled to control of their own information. Any government, scientist or other organization who wants access to an individual's data must compensate the individual with information credits. If someone has a rare genetic mutation they could be set for life, just by being willing to share their genetic code. If someone is a bellwether for local fashion trends, then they should be able to command a premium price for their shopping metadata. In order to safe guard this information currency it will require a large bureaucracy, employing a lot of people as information advocates. There is a high potential for technological unemployment with some parts of my proposal, so I feel it is important to describe the new types of meaningful work that people can engage with in my system.
The second level of my proposal is at the regional level, and is based on material resources. At this point I'd like to throw away all the current political boundaries, and describe economic regions based on watersheds. Each resident of a region, as a current steward of the local environmental resources, would be due a share of resource credits, based on what can be sustainably be extracted from the regional environment. Some regions would be based mostly on how much water they could safely export others would focus on mineral wealth and rare earths. These credits, since they represent environmental extractions of a given year, would devalue overtime. This way no one would be willing to sit on huge piles of resource credits waiting for the market to shift so they could get rich. It would even be profitable to lend with no interest in this system, because if you saved 100 credits then next year they might only be worth 75 credits, but if you lent them out then you get 100 credits back.
The local currency, within DDUs and among neighboring DDUs, would be time. I don't know if you've ever heard of a Time Bank. Some communities used them to exchange locally available services during the great recession. Ideally a persons membership in a DDU should come with housing and food security, and be payable with no more than 10 hours a week of work in the community.
A true resource based economy is supposed to operate without any currency at all, but I don't think that radical a change is going to be possible with the current state of the populous. The system of resource based currencies I propose, Information Credits, Regional Resource Credits, and Labor Time, would realign economic actors, so they couldn't ignore burdens on individuals or the environment.