LW: what if we went to energy money? Energy itself being the commodity of value hence restoring value to money.
A 10KwH dollar for a peg (not far from current USA average).
The big killer of modern compensation and cost being energy cost inflation, energy money reverses that - as opposed to endless credit or fiat creation that we currently practice.
Great essay. I especially have a high five for anyone pointing out Knightian Uncertainty!
The substack founding member or no comment has gone away, thank you.
LW: what if we went to energy money? Energy itself being the commodity of value hence restoring value to money.
A 10KwH dollar for a peg (not far from current USA average).
The big killer of modern compensation and cost being energy cost inflation, energy money reverses that - as opposed to endless credit or fiat creation that we currently practice.