Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Consumers buy physical electricity from the supplier at the market price.

Bzzzt, wrong. There is no such thing as an "electricity market."

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Re units as currency generally, I am proposing unitising location rental value and certain forms of energy, particularly electricity.

A megajoule/square meters double standard, in other words, with 100 % reserve requirements.

How is this different from a fiat currency (essentially a "tax standard" currency) with 100 % reserve requirements? Except that public policy will have even less ability to control the money supply than it has today.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Jul 14th, 2009 at 02:29:41 PM EST
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