Which is here (or where ever it would be best reflected in the general public ledger of the US Treasury):
https://www.fiscal.treasury.gov/fsre...nce_sheets.htm
This is where the People's common Wealth is reflected, and there will eventually be accounting of the assets (measured amounts of intellectual property) manifesting on this balance sheet under "Other Assets" (or wherever the Treasury deems appropriate in the Asset section), and the cumulative liability of the debts to all the schools will be shown in the Liabilities section.
This accounting is not based on promises of future performance, however. The graduates already spent the time & energy developing the resulting Wealth (with the help of the schools). We will be accounting for the results of past performance.
That said, because of the massive difference between the base value (that is being proposed to be monetized) and the potential true value (which may still be monetized in other ways) methods for dealing in "futures" for those people interested in such things will have plenty to speculate on and the graduates will have the opportunity to prove that the true value of their knowledge and education, and the accruing value, is way more valuable then the default base value:
Did the preceding responses in this post help with that?
I am/was more concenred with erring on the side of caution than accuracy & persision... accounting for the lowest common deonomininator. As long as the assets are not over valued -- assigned an inflated value, like the proposed Trillion Dollar Coin from the MMT people -- then there will be no inflation.. the confidence in the money (USD, Yen, Pound, etc..) will just be "stronger" due to the known under valuation of the assets backing the units of money.
".. While people may be tempted to develop more complicated accounting methods to more accurately account for a base value nearer the true value (and I have thought of a few — like using GPA variations to establish degrees of value with the minimal passing GPA equal to the base value and increasing the base value from there), you will find that the accounting is already going to be a bit complicated even with this simple variable cost-based formula establishing the base value of the educational documents. There are hundreds of millions of calculations that are going to be being done, let’s not overwhelm the accountants by making it even more complicated. Any such proposed changes adding complexity to this, if they are deemed wise, can always be done later."
Accounting for the value beyoned the base value which covers the cost of the educational services also leaves a huge amount of questions related to what to do with the money that didn't go to the schools... they start here:
Should it go to the students?
Should it be a bonus for the teachers/schools?
Should the government keep it?
But as you begin to think about the answers and the questions those answers will provoke, and the answers to all those questions, etc... I hope you can appreciate why I am just staying focused on a single solid step (or maybe a few step) rather than overly complicating it to a point that most people would just dissassociate compleatly.
I am not opposed to this happening, greater accuracy & percision, but I am wanting to leave those subsequent innitiatives and deriviative works to others.
The Wright Bros didn't role a F-16 out of their bike shed... and Microsoft's first OS was DOS..
This Initiative will solve one of the Major problems I am interested in solving: the National Debt's slavery of the next 460 years of the population:
https://pjmedia.com/news-and-politic...warns-senator/
"Lankford explained that it would take more than 450 years to pay off the national debt in full if the government was able to reach a $50 billion surplus every year. The national debt is currently $19.8 trillion."
With the economic 'fusion power' of the CO101 innovation, we could do it today but it would blow almost all the mental circuits of the population..
But.. with the openended nature of the initiative (unlike a State initiative that have expriation dates, because there is not set law dictating such a thing at the Federal level), this will happen when the population is made aware of it via Constructive Notice -- which is the upgrade to the mental circurity -- and no massive opposition forms.
I don't expect the Majority to actually sign it (it might happen), but more likely that Congress will act on the stiplulation in the Order allowing them to do what they are already authorize to do.
In essence, until a Majority signs it, the Order is not a "command from the sovereign," but a "petition for redress."