The terms Macro, and Micro ETM, or Electronic Transaction Monitoring is a part of my evolving project on Transfinancial Economics, or TFE. Simply stated these two approaches are a way of monitoring money as electronic data of some environmental, and socially ethical commercial project. The aim of this is to keep an eye on the Free Market pricing of goods, and services. It is ofcourse the opposite of full ETM which gives confidence to the credible phasing in of a tax, and interest free world. An example of this should make things clearer. If a Facilitation Bank dealing with a microfinance project creates a Basic Income for the poor in partnership with a government (if necessary) for certain people in a region of India...the local "economy" would have to also be taken into consideration.With the right legal arrangements with the relevant banks the suppliers of foodstuffs, and services would have their transactions monitored electronically. The simple aim of this is to ensure that the Basic Income (or BI) for the poor can meet any "inflationary"demands from local goods, and services. The suppliers themselves may receive help if they wish to increase capacity if demand grows from those on the BI. The danger here is that those supplying goods, and services may try to deliberately increase their Free Market Price, and hence, create a moral hazard knowing that BI could be increased if necessary by the FB. The solution to this is ofcourse quite simple but Free Marketeers would possibly loathe it. The answer ofcourse an electronic price cap. If the price cap becomes problematic for the suppliers then instant compensation could occur, and be electronically transmitted to their bank accounts. However, the above example of Micro ETM would probably be temporary as microfinance loans, or grants could be created to help the poor become independent financially . When they start relying at last on earned money the Micro ETM could be stopped on the Free Market Price. The banks would probably "love" all this as the grant interest would accrue through the creation, and transmission of new non-repayable money. Since they have the REAL POWER in the world they could easily dismiss neo-classical economic ideology in connection with the Free Market Price where, and if necessary..especially if there is some money to made out of it at the end of the day.... And yes, I know this is not the most ethical approach....but what is the alternative if any? Protests may work against banks (notably the "occupation" of the Wall Street) but it is hard to see that they would get very far with dethroning the status quo of the present banking system. I hope I may be wrong...but only the future can tell. http://www.p2pfoundation.net/Transfinancial_Economics PS BI is ofcourse similiar to the UBI which is the Universal Basic Income..................