When you don’t have an independent central bank….that’s the time to create one right along with the dividend they are proposing. Of course you’d need a discount mechanism also to encompass the entire national economy and make it truly effective. Even if it was just a domestic currency it would make the economy hit on all cylinders.

A re-distributive dividend has already been proven in many places not only not to work, but also to fall prey to the immature scolding puritan mindset plaguing much of humanity. Beyond that, even a scarcity clinging mindset regarding the dividend is also doomed to be a snatching of defeat from a potentially winning policy if it resigns an increasing number of individuals to
a second class income. There are multiple possible monetary equilibria and levels of dividend incomes because the discount mechanism brackets the entirety of the system and occurs when and where costs are terminally summed and so can effect not only an equilibrium but create a condition of price deflation even while harming no enterprise and fitting seamlessly within a profit making economy. And if one has a job…they’re even better off. You probably wouldn’t want the level of dividend to be extremely high for ecological reasons, and sane and yet gracious national policy that would favor research into resource efficiency and durability and length of lifetime of product would make sense. Just make it a guaranteed middle class level whether one worked or not. That would end the rule of finance and wage slavery in one fell swoop.