Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
The question I ask of you is, once you introduce energy as a unit of account and certificates start circulating redeemable in energy (*), how do you prevent more money to be created than there is available energy, and how do you prevent energy certificate hoarding and "cornering the market" so to speak.

(*) I submit that, for psychological reasons, the "energy-accounting-unit" value of a physical energy unit will converge to 1:1 pretty quickly.

Finance is the brain [tumour] of the economy

by Carrie (migeru at eurotrib dot com) on Fri Sep 6th, 2013 at 03:30:16 AM EST
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