This post proposes a thought experiment and a system design. I am explicitly looking for failure modes, impossibility proofs, and overlooked constraints.

1. The Core Question

Most modern economies rely on money issuance and credit expansion.
This produces three persistent properties:

Hidden redistribution via inflation
Risk externalization, where individual failures propagate system-wide
Opacity, where debt chains are difficult to observe or audit

Rather than asking how to optimize these mechanisms, I want to ask a more basic question:

Is it possible to design an economy where responsibility, risk, and resource usage are perfectly aligned—without money issuance at all?

2. A Constraint-First Approach

Instead of starting from incentives, utility, or equilibrium assumptions, I start from hard invariants.

The system is built around a single non-negotiable rule:

The total amount of credit in the system must always sum to zero.

Formally:

∑i=1NCi=0\sum_{i=1}^{N} C_i = 0i=1∑NCi=0

Where:

Ci>0C_i > 0Ci>0 represents a net contribution to society
Ci<0C_i < 0Ci<0 represents a net liability to society

No actor—human or institutional—can create or destroy credit.

3. Replacing Money with Public Credit

Instead of money, the system uses Public Credit Points.

Every transaction is a credit transfer, not a payment
Credit is not issued, printed, or mined
All credits are ultimately cleared against the system itself

There is no concept of “money supply.”
There is only who owes society and who is owed by society.

4. Central Clearing Without Discretion

The system relies on a Central Public Clearing Engine (CPCE) with strict limitations.

The CPCE:

Records all credit changes
Enforces predefined rules
Provides full auditability of all state transitions

The CPCE cannot:

Create credit
Forgive debt
Modify individual balances
Change rules in real time

It is a clearing machine, not a monetary authority.

5. Debt Limits as a Function, Not a Policy

Negative credit (debt) is allowed, but bounded.

Each participant has a Debt Red Line, computed by a transparent function of observable parameters, such as:

Historical repayment behavior
Stable productive capacity
Dependency obligations
Sector-level systemic risk

This is not discretionary lending.
It is capacity-based liability accounting.

All parameters, weights, and formulas are public.

6. Failure Is Allowed — Externalization Is Not

The system allows:

Business failure
Personal

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