How we can get the following 7 characteristics in a money.
1) Not transferable
2) Dependent existence
3) Moral and Controllable
4) Fixed Value
5) Three party transactions
6) No zero sum game simulation
7) Hard to counterfeit
The improved money described below has the seven characteristics we would like money to have. Most of the features of this money are familier to most residents of industrial societies. Computers already keep track of most of the world's money. We already have direct deposit of pay and use debit cards to spend the money from those accounts.
The improved money must come into existence when earned and cease to exist when spent. If there were an account for each person stored in computer data bases, the amount of money in each account could be increased or decreased without changing the other accounts. That could make the money non-transferable.
The total amount of money placed in the accounts can be determined by the amount of goods and services for sale.
If money is to be moral, it must be earned only by moral behavior. (We will call those who earn money "producers" since the goods and services they produce are what is being judged.) Because only people can make moral judgments, people must be the ones to decide how much money, if any, has been earned by each of the account owners. (We will call those who make such decisions "payers.")
If the amount of money in existence matches the amount of goods and services for sale there is no need for prices to change. Since this new money is not transferable the selling party does not care what the prices of the items sold may be.
Those who consume the goods and services produced we will call "consumers." With the improved money, all economic transactions will involve three parties: producer, consumer, and payer. Of course each person must be a consumer under some circumstances and most people will be producers from time to time. Even payers may produce.
Producers provide benefits for consumers. Payers provide benefits for producers by paying them. Payers are provided social rewards in respect, power, importance, and gratitude. Thus, each economic transaction benefits all or none. No one of the three parties can "win" without the others also winning. If any one of the three loses, the others also lose. The improved money reveals that the nature of the economy has no zero sum game aspects.
A money that exists only in individual computer accounts is very difficult to counterfeit. Also, all the counterfeiter would be doing is making it easier to steal some good or service by doing a lot more work. This would remove most of the motivation for even attempting counterfeiting.
The really new aspect of this improved money is the payers. That is the part of the improved money that most people will find hardest to accept since it is the new part.
If the payers are to make honest, unbiased, ethical (moral) judgments, the general public must have direct, immediate, inescapable power over them. (We will call the general public "consumers" since it is in the consuming of the goods and services produced that the morality of the goods' production becomes known.)
Next: The Ten Principles of the New Money