What arrives

New money issued by rule as output grows, entering through the floor and commission funds. As automation raises output, this is how part of the gain reaches everyone. But ordinary output counts an emptied aquifer as income and a cleanup as growth. Tie money to that figure, and the faster an economy draws down its foundations, the more money it issues.

What must exist first

Output measured net of depletion: sustainable output.

  1. Depletion subtracted. Water, soil, minerals, and fisheries drawn down are counted as losses, not income.
  2. Repair not counted as growth. Cleaning up damage restores; it does not add.
  3. Physical accounts beside money values. Tons, hectares, and water volumes published with every estimate.
  4. No new money from crossing a line that cannot be undone. Output drawn from irreversible use adds nothing.
  5. Several estimators. Sustainable output is a figure that carries money, so it comes from the estimator pool.

Why it is cheaper first

An issuer following ordinary output pays for consuming the foundations. Once money issue is tied to one figure, changing the figure changes who gets money, and everyone who benefits from the old figure resists. Building the net measure first, while issue still runs the old way, gives it a record before anything depends on it. That is why public issue by rule starts last.

Readiness states

State What it looks like
Started physical accounts published for water, soil, and minerals; first net estimates
In place several independent net estimates each cycle, with a record of several years
Tested issue slowing when depletion rises, though ordinary output grew

What to start now

Publish physical accounts beside the national accounts. Fund independent estimates of output net of depletion. Steer bank credit away from buying existing scarce goods, which regulators can do already.

Where it is worked out