[KarlInOhio]

3. Remove the fixed exchange rate between currency and central bank reserves/deposits.

Oooo, that's a 2012 dollar bill. It's only worth 80 cents of modern money. You should have deposited it and you would have only lost 10 cents of value in the intervening time.

A while ago someone from the Fed wrote a paper about this topic - how to handle a low interest environment with deflation - and one of the solutions was money with expiration dates. This was before the internet was common so he sent me a paper copy when I asked about it. I can't imagine having thrown it out, but I just cannot find it any more.

[Axenolith]

Excess money with expiration dates is going to go into things nanny G doesn’t want it in like ammo, storable food, land, metal, etc...

[Colinsky]

money with expiration dates.

I read in a book called THE YEAR 1000 that England issued coins with expiration dates; on the expiration day you could turn in 5 now-worthless coins and get 4 coins back.