A constructive, optimistic agenda for the agentic economy: the work that legislators, regulators, central bankers, and international officials need to take on, across three domains of policy and the global coordination that ties them together.
Safe, full-reserve digital money at machine speed: the reserve ladder, monetary transmission, the supervision of machine credit, and the brakes that keep it stable.
Read this part → Part TwoIdentity and accountability, the onchain corporation, compliance at the edge, due process for freeze and seizure, and consumer protection when agents transact.
Read this part → Part ThreeKeeping power from pooling at the non-forkable chokepoints, and making broad ownership a matter of design rather than hope.
Read this part → Part FourThe planetary problem space (labor, taxation, the social contract, new corporate forms, and neutral rails) that no nation can manage alone.
Read this part →By Jeremy Allaire
A companion to The Agentic Economy treatise, written for the legislators, central bankers, regulators, and international officials who will decide whether this transformation arrives well or badly.
The agentic economy is not a forecast to regulate once it arrives. It is arriving now, in pieces, on infrastructure that already crosses every border. The only open question is whether it develops by design or by accident. That makes this a constructive moment for policy. The deep architecture (money that settles in seconds, agents that transact for verified people and firms, contracts that run as code, value that moves at the speed of information) is being built whether or not policymakers engage. What is not yet built is the part only they can build: the standards, the recognitions, the due-process rules, and the coordination that decide whether the agentic economy concentrates power or spreads it, and whether it fragments into walled gardens or settles into one fabric.
This guide is optimistic, and the optimism is structural, not a mood. The same property that makes the agentic economy fast, that its money, its coordination, and its execution all live in openly verifiable software, is what makes it observable, and so easier to govern than the financial system ever was. Supervision can move from after-the-fact to real-time. Compliance can move from bolted-on to built-in. Accountability can be designed in from the start instead of reconstructed by subpoena after the harm. None of this happens on its own. All of it is work, and the work can be named, sequenced, and largely agreed in direction even where it is hard in the details. Naming it precisely is the point of this guide.
It is organized into three domains and one arena. The first domain is the *monetary foundation and financial stability of an economy that settles in full-reserve digital money at machine speed. The second is the legal architecture for autonomous agents: identity, the corporate form, compliance, due process, and consumer protection. The third is competition, concentration, and ownership: the risk that the new economy pools power at a few chokepoints, and the answer of broad ownership by design. These converge on the decisive arena: global coordination*. It is treated last and at length because it is the largest part of the agenda and the part most likely to be lost. The deepest changes the agentic economy brings (to work, to taxation, to ownership, to what a company is) land in every economy at once, and no nation can manage them alone.
A note on method. Each issue below follows the same rhythm: what is genuinely new and hard, what good policy unlocks, and the concrete work to be done and who is positioned to do it. Where a real constraint or open problem bears on the case, it is named plainly and in passing, not allowed to overshadow the argument. Where the author's own industry would benefit from one answer over another, the conflict is named rather than buried. The aim throughout is a guide a working policymaker can act on, argue with, and trust.