Overview
New financial system solving problems highlighted by Austrian Economists.
- Central money supply
- Centrally defined interest rate
- Fractional reserve banking While many instruments like options or futures where seen as normal market instruments, the massively inflated credit based gambling machinery of todays investement banking was not in their interest. Main differences of the ATS financial system:
- Human centric money supply on continuous basis
- Continuous devaluation of 2-3% p.a.
- Free market interest rate for credit
- Payment as functions of time