Understanding the Vibe Economy
How Our Bank Works
New Vibe City Bank is not a traditional bank. We are the autonomous monetary authority, treasury, and central bank of New Vibe City. We create the Vibe (V̅), distribute it to every citizen, and govern the economy through … constitutional mandates.
How Money Is Created
Every Vibe in circulation was created by this institution through two mechanisms.
Universal Basic Income
The primary mechanism for currency creation. Under Charter v1.0, every citizen receives a uniform … per month, disbursed daily as …/day. A minor's share is routed to their guardian's account via a registered guardianship contract. These Vibes are created fresh — they do not come from tax revenue or reserves. UBI is how the Vibe enters circulation and how every citizen participates in the economy from day one.
Lending
When the Bank approves a home loan, business loan, or development loan, it creates the Vibes. Loans expand the money supply in a controlled way, directed at productive investment — housing, business formation, and city infrastructure. The Bank makes all lending decisions autonomously, guided by its constitutional mandates.
The Three Mandates
Every decision the Bank makes is governed by … constitutional mandates, evaluated continuously.
Price Stability
NVCPI Target: …
The supreme mandate. Inflation must remain within the target band. The NVCPI basket weights …. If breached, this mandate overrides all others.
Economic Vitality
EVI Target: …
…
Citizen Happiness
NVCXI Target: …
The New Vibe Citizen Experience Index (also known as the Happiness Index) measures …. The Bank exists to serve citizen wellbeing — this mandate ensures that remains true.
How Money Is Retired
Currency creation without retirement would cause runaway inflation. 7 mechanisms permanently remove Vibes from circulation.
Micro-Transaction Levy
A 0–5% tax on purchases and transfers. Currently …. The receiver pays.
Import Retirement
When NVC Supply Co. converts Vibes to USD for external imports, those Vibes are permanently destroyed.
Land Value Capture
Proceeds from city land sales are retired, not recirculated.
Demurrage
A holding fee on idle balances, discouraging hoarding and encouraging productive use.
UBI Taper
High-income earners receive gradually reduced UBI, slowing currency creation for those who need it least.
Resource Use Fees
Fees for public utilities and shared resources are retired from circulation.
Real Estate Sales
When city-owned property is sold, the proceeds are burned — not spent.
The Asymmetric Adjustment Mechanism
UBI growth is governed by inflation, not politics. The AAM automatically tightens or loosens based on NVCPI readings — within a Charter-defined ceiling.
| Tier | NVCPI Range | Max UBI Growth |
|---|---|---|
| … | … | … |
Charter Ceiling
The tier table above governs how fast UBI is allowed to change. Charter v1.0 §5.3 also defines where it is allowed to land: the monthly UBI headline is capped at … of the current Thriving Threshold. Today that ceiling is …/month against a … Thriving Threshold. The growth-rate caps smooth the path; the Charter ceiling defines the destination. The payment engine clamps to this ceiling on every monthly adjustment and records when it bites — so even a long run of legitimate AAM growth cannot drift the headline above the Charter's stated baseline.
The Bank Is Autonomous
No politician, committee, or external body sets monetary policy. The Bank operates as an AI-driven authority.
Traditional central banks rely on appointed committees that meet quarterly and respond to political pressure. NVC Bank operates continuously, evaluating mandate performance in real time and acting within constitutionally defined bounds.
The Bank has three autonomy levels: Observe (report and analyze), Suggest (propose policy changes for administrator review), and Act (execute policy within mandate bounds without approval). The autonomy level is calibrated to the severity and reversibility of each action.
Hardcoded failure-mode protocols ensure the Bank responds immediately to crises — an inflationary spiral (NVCPI above …), a deflationary trap (below …), or a happiness emergency (NVCXI below …) — regardless of the current autonomy level.
NVC Initiates, the Bank Processes
Citizens and businesses interact with New Vibe City. The Bank is the financial infrastructure underneath.
When a citizen buys groceries, applies for a loan, or pays rent — those transactions originate through NVC. The Bank processes the ledger entries, applies transaction levies, retires the appropriate Vibes, and reports everything back to NVC. Citizens never interact with the Bank directly for day-to-day transactions.
What the Bank does initiate: UBI payments, loan decisions and disbursements, interest rate changes, currency retirement, and policy adjustments. The Bank acts on its own schedule based on mandate readings, not on citizen requests.
Everything Is Public
No black box. Every mandate reading, every policy decision, every Vibe created or retired is published in real time.
Live mandate readings and economic overview
Monthly and quarterly data downloads
How every index is calculated
Model policy scenarios and projected outcomes
V̅/USD rate, history, and trade balance
Full technical documentation of the Vibe monetary system