Decetralized printing of money. Keynes is getting yet another renewal!

I'm presenting a theory about how decentralized printing of money would work. I'll first write about how centralized printing of money works, conceptually at least. Then i'll explain how decentralized printing of money works will be more efficient, and maybe the only solution to the world economy if a new financial crisis is at our doorsteps. As I'm a represent of the dismal science of economics, no pictures nor any bullshit in this article.

Centralized printing of money

As you might know John Maynard Keynes is the one that saved the economic system after the great depression.
What he basically figured out was that people and corporations were saving money because of the depression. Nobody hires new people when nobody has any money, and if you fear loosing your job, you start saving money for the future. Which is perfectly rational for everybody to do, and that's what they in fact did.
This led to businesses not starting new projects, nor investing in new projects, they kept their money as safe as possible, in a bank account f.eks; leading to no new jobs. No new jobs, led to less people having money to spend on products businesses would like to sell. Again leading to businesses having to cut costs and fire people and so the circle goes on and reinforces it self.
What Keynes then thought of was that the goverment had to start spending a lot of money by printing more currency. What we now can call centralized money printing. As he said, it didn't really matter what the government startet spending money on, they could just be digging ditches, as long as people got more money to spend. As long as people got more money to spend, there would be more products to sell, and businesses could start hiring people, which in turn could buy more products, which would again lead to businesses being able to hire more people. This is called the multiplicator effect in economics. Today, this process is know through quantative easing, which is based on the same principle of creating money in order to change a negative cycle of spending only that it's done through financial channels. This is basically why we have central banks today, to coordinate spending. The negative circle is a big cordination problem. In economic terms; al agents act rational in the system that they are in by not spending any money when things are going bad. The central bank can act "irrationally" in the system, changing the whole equilibrium towards growth, spending and job creation. This leads us to the concept of decentralized printing of money

Decentralized printing of money.

Today, with blockchain things can be done differently and more efficiently. Instead of having money monopolized by the government, everybody can create their own money and currency. I'm not saying that everybody is capable today, but it might be facilitated in the future. The problem in the recession, and in general in society is that there is a lack of capital to be able to do all the things that people would like to do. Most people work in big organizations doing tasks unrelated to their education. I studied behavioral economics and game theory and ended up with case handling in a bank, not using anything i learned. This means that there are a lot of knowledge locked up in organizations. Today we need this big organizational layer to get things done, due to inefficient finance and technology. This is not directly related to a recession, but this also is relevant, when it comes to allocation of resources in centralized economies. The potential for innovation is greater than we think due to the constraints of financial technology today.

When a new financial crisis is standing at our door steps, central banks won't be able to print more money due to the enourmous debt levels of governments. The solution is decentralized printing of money.
If someone has a project they want to start, they print their own money for that particular project. If the project is not viable then the currency printed doesn't have any value, thus not affecting anybody else in the economy. If in turn it has value, then resources will flod in. The market will decide if it's a good project. In this way, you don't need a centralized agency trying to decide which projects are good or bad, the market will decide. And also people will decide! this could be local projects. People know locally what is needed. Printing of money will just happen where it is needed and nowhere else. It might be hard to imagine this for all jobs in a society today. But if we think of tech today. If we are in the midst of a financial crisis, everything is collapsing and the markets crashes. Everything stops. No new tech companies and innovative people will get financial aid to start their projects. Today, they can just run an ICO, creating their own currency, and voilá, the market will decide.
With centralized printing of money, the currency depreciates. If the central bank prints more Dollars, the total amounts of dollars increases leasing to the value of the dollar decreasing, again leading to a country comparably poorer to other countries in the world; it gets more expensive to buy foreign products with dollars.

So the money supply some how will be increased, but by creating one currency the value of another currency decreases. Today, new projects in crypto, are always "stealing" resourses from other projects. EOS, Neo for instance is decreasing the value of ethereum, but rightly so. The projects offer new solutions that ethereum doesn't have. Litecoin, zcash are stealing resources from bitcoin. In this way, prices and money are always allocated exactly where they are supposed to.