Meter
The mint is a price. Not a facility.
EZego
New base units come from one public schedule, sold at a posted price. There is no private window for a treasury or a bank.
Neither branch can stretch the money supply over a weekend and explain it later.
All eight stepsFiat stretches the base when an office says the payments system requires it. Here the only new units are the ones the schedule already named, sold at a listed seigniorage, written on the tape.
The risk charge prices the writing of paper. This page prices the writing of units. Mixing them is how a shortfall becomes a print.
01
One meter
Basket units come from one schedule. A second schedule that looks like a facility is a second sovereign. The hedge does not print. The charge does not print.
02
Listed seigniorage
The right to issue a new unit has a posted price. That price is public before the auction, not discovered in a press conference after the fact.
03
No off-schedule actor
Household, firm, and treasury buy the same window or they do not mint. A weekend toolkit is a confession that the schedule was optional.
04
Revocation is a line
Units scheduled and not taken return to the schedule. Units issued in error are revoked on the tape. Silence is not a write-off.
Across the layers
01
Floor
New units do not arrive to rescue a missed basket.
02
Issue
Named credit is not this meter. Issuing NOTE does not increase UNIT.