I wonder why so few recall that the value of the dollar actually went up, not down, when it was being issued as stimulus at the rate of 4Tn per month, and in effect folk trading with free money in markets were practicing the very direct democracy you mention :)
Hence the reason oil prices went negative, the only time ever, and the environment showed the only spike of recovery seen, ever.
We know that pow tokens in effect represent Joules of energy, and we know when those Joules come from solar, no harm is done to the environment, and the value of those tokens is maximised in markets.
We know also that solar energy comes as something donated, not extracted, therefore money issued as debt (promises to do the labor of extraction), can't represent it.
So solar energy, the most valuable product we can imagine, tens of GigaJoules per second of it in use in every developed country, is not being reflected by issue of money.
There, is the physical reason money is devaluing, a clear breach of the Austrian economic principle that product creation must be balanced with issue of money.
The only way round that is to issue money for free, representing the Joules received for free from the sun.
We might notice this stacks up also with the reason the dollar went up when issued as massive stimulus.
So it is us humans who have had it wrong all along, it is not true that we should feel guilty, or that good work has to be done in return for a good wage, or good fortune, it is far more important we observe the laws of nature, and abide by those.
Energy is her currency, the sun is the only issuer and enforcer of it, we have to use it or burn. If we dare to use it and not admit we are using it, by not honestly issuing our own currencies on it, then our money has to devalue to nothing.
I wonder when the banks will agree, how much damage to the value of their currencies, and the environment, will they allow to happen, before they do what nature is forcing them to do?