I'm in no way a economist, not by uber long shot, but, I read about economic theories out of boredom.<p>I'll just pitch my insane idea for a new economic system. Lets have an open discussion.<p>The current economic system is run by (mostly) meaningless numbers, that can be easily manipulated by people who understand numbers well.
Eg: you do work thats worth x dollars and get paid, and govt prints some bills, now your x dollars are worth x/(somefactor)<p>Anyway, I'll come to the point, what if we managed to create an economic system that is based on a bullet proof system ever, "TIME".<p>Time is the single unforgiving platform, that is common to all. Nobody has one second less or more in a day.<p>By this system People gets rewarded, how efficiently they use their time. If person A creates x tool within 10 hours that was useful to 1000 people and person B creates y tool within 8 hours that was useful to 1500 people, then person B is richer that Person A.<p>As weird as it may sound, based on my observations, all the rich/wealthy people care more about time, may be that is what made them rich in the first place.<p>Why not bake it into the system, so, that everybody is encouraged to do more with less time and resources. (isn't that the definition of entrepreneur)<p>By rewards, I mean some system to keep track of the progress each person made, not necessarily money.<p>What do you think?