It is weird that when you Google “energy is money” all you get is a bunch of cocaine fueled 80’s and 90's clap trap about spiritual energy and using it to make you money. I’m talking petro-dollars here! The energy it takes to mine gold god damnit! Labor is energy! Where is my debt money = work to be done = energy in the future? Where is gold = word already done = energy of the past? You people are woefully misled.
Money is energy in a way that many people are failing to understand in a very basic way. Take the petro-dollar example. Or fiat dollars being an easily exchangeable note for work to be done. Or gold being easily exchangeable work already done. What energy do you expend to acquire money? Do you use money to save energy? Do you take more than you give? Do you give more than you take? There's some fucking spiritual energy for you. Fuck you, there's some more energy. Enjoy. Money is at its essence not simply a medium of trade or a representation of value, it is a representation of energy. Value is the subjective version of monetary theory. Energy is the objective version of monetary theory. Energy gives money its value. The nature of money is determined by the energy behind it, the energy the money represents.
Certainty of exchange is determined by the nature of the energy being represented. For example: The USD is based in energy to be claimed in the future, meaning that dollars are in themselves worthless as a seemingly true fiat currency, and they would have been declared worthless years ago if they were not exchangeable for oil to the near total exclusion of all other currencies for over half a century, thus the USD's wildly high value/energy is bestowed by our dominance of the money supply that is representing global oil trade which was secured during and after world war II (Was this an efficient use of energy by the US? Maybe spiritual energy or at least moral, does have a place in monetary theory?). Thus the USD is still backed by energy to be claimed in the future hybridized with energy claimed as backing for the currency by sticking a big military base on top of oil then printing money that is the only money that can buy the oil under the base, simple. At least it was, it seems to be getting more complicated lately, our dominance of the energy supply is waning and so is our currency (as they are essentially the same thing), this calls into question future exchangability of USDs as it represents a lesser amount of energy than before. The exchangability of gold is very certain by comparison as the energy represented by gold, is the gold itself, it is the energy that was required to make the gold and who doesn't want gold? As a matter of fact that is about the only thing that would completely devalue gold is if everyone saw it as being without any value, sounds ludicrous doesn't it. Now listen to this reworking: 'As a matter of fact the only thing that would completely devalue the USD is if everyone saw it as being without any value.' See how the USD devaluation seems like a more real possibility. Why is that? The energy represented by the money, that's why.
Prior to the aforementioned US oil claiming, and prior to the debasement of gold backed paper, gold was money, money/gold was energy already expended. The energy gold represents is the energy involved in extracting, purifying, decorative styling, and proofing. Gold does not rely on a future supply of energy to have value.
Aside: If anyone has anything good for me to read on this subject of "money is energy" I want it, I haven't found anything directly on point yet, see the google search. I found THIS at Harry Seldon's Blog, but I'm looking for something much more scholarly and with much more depth. Then there's THIS at Mises which I'm not even sure if it is topical to my thoughts here, I'll have to read the next one.
I am aware of energy per person as a direct measure of human development/quality of life, this leads me to believe that money is more about energy than anything else. That is probably why "Money is 'Power.''' I want to know more about this.
And of course with other means of exchange opening up (either currency, or commodity) for oil based energy exchange the USD has been loosing value because it lost its exclusivity which made it exceptionally valuable.
And I am thinking objective energy based monetary theory will be more essential to developing the world through understanding than will understanding subjective interpretations of the value of things as a primary theory. Don't get me wrong subjective value theory has a part to play, but it is a smaller part of a theory which considers money to be exchangable energy. Energy is an objective measure of work, value which is a subjective measure of want is encompassed in "money is energy" theory because the things you want require a measurable amount of energy to achieve. Example: Sometimes people really want tulips, driving up the energy it takes to get one. The wild swings in the subjective value of tulips doesn't really significantly change the energy required to continue to produce tulips via a working tulip production, it does alter the energy required to start a tulip production however, because the tulips required to start out are affected by subjective value changes, those value changes are subjective in that it is peoples' want for tulips that is determining value, the increased energy (or representations of energy) people are willing to trade for tulips is objectively measurable. People are trading energy for energy here. The energy to make the tulips is traded for the energy to get the money which is backed by some form of energy to buy the tulips. So people do not always exchange energy equally as some might think they would try to through a currency directly representing energies, as a matter of fact often there are grossly unequal exchanges as a means of converting from one sort of energy to another because of want. (Did not Buddha say some thing like want leads to suffering? Maybe suffering is an unequal exchange of energies? Never mind that, but you see what I mean about running into trouble with developing this topic.) Want leads to the unequal expenditure of energy in transactions, however this is irrelevant to the physics of the situation, energy is the basis of the entire exchange, money is representative of energy to all parties to the transaction, all parties in the transaction expend energy to acquire money because they want something which requires exchangable energy, money, to get or give to make an transaction or an exchange of various energies.
Also, my google search for "Money is Energy" turned up lots of stuff about how energy efficient appliance will save you money, and maybe, at this point, those search results will be sort of humorous to the readers of my tripe.
Certainty of exchange is determined by the nature of the energy being represented. For example: The USD is based in energy to be claimed in the future, meaning that dollars are in themselves worthless as a seemingly true fiat currency, and they would have been declared worthless years ago if they were not exchangeable for oil to the near total exclusion of all other currencies for over half a century, thus the USD's wildly high value/energy is bestowed by our dominance of the money supply that is representing global oil trade which was secured during and after world war II (Was this an efficient use of energy by the US? Maybe spiritual energy or at least moral, does have a place in monetary theory?). Thus the USD is still backed by energy to be claimed in the future hybridized with energy claimed as backing for the currency by sticking a big military base on top of oil then printing money that is the only money that can buy the oil under the base, simple. At least it was, it seems to be getting more complicated lately, our dominance of the energy supply is waning and so is our currency (as they are essentially the same thing), this calls into question future exchangability of USDs as it represents a lesser amount of energy than before. The exchangability of gold is very certain by comparison as the energy represented by gold, is the gold itself, it is the energy that was required to make the gold and who doesn't want gold? As a matter of fact that is about the only thing that would completely devalue gold is if everyone saw it as being without any value, sounds ludicrous doesn't it. Now listen to this reworking: 'As a matter of fact the only thing that would completely devalue the USD is if everyone saw it as being without any value.' See how the USD devaluation seems like a more real possibility. Why is that? The energy represented by the money, that's why.
Prior to the aforementioned US oil claiming, and prior to the debasement of gold backed paper, gold was money, money/gold was energy already expended. The energy gold represents is the energy involved in extracting, purifying, decorative styling, and proofing. Gold does not rely on a future supply of energy to have value.
Aside: If anyone has anything good for me to read on this subject of "money is energy" I want it, I haven't found anything directly on point yet, see the google search. I found THIS at Harry Seldon's Blog, but I'm looking for something much more scholarly and with much more depth. Then there's THIS at Mises which I'm not even sure if it is topical to my thoughts here, I'll have to read the next one.
I am aware of energy per person as a direct measure of human development/quality of life, this leads me to believe that money is more about energy than anything else. That is probably why "Money is 'Power.''' I want to know more about this.
And of course with other means of exchange opening up (either currency, or commodity) for oil based energy exchange the USD has been loosing value because it lost its exclusivity which made it exceptionally valuable.
And I am thinking objective energy based monetary theory will be more essential to developing the world through understanding than will understanding subjective interpretations of the value of things as a primary theory. Don't get me wrong subjective value theory has a part to play, but it is a smaller part of a theory which considers money to be exchangable energy. Energy is an objective measure of work, value which is a subjective measure of want is encompassed in "money is energy" theory because the things you want require a measurable amount of energy to achieve. Example: Sometimes people really want tulips, driving up the energy it takes to get one. The wild swings in the subjective value of tulips doesn't really significantly change the energy required to continue to produce tulips via a working tulip production, it does alter the energy required to start a tulip production however, because the tulips required to start out are affected by subjective value changes, those value changes are subjective in that it is peoples' want for tulips that is determining value, the increased energy (or representations of energy) people are willing to trade for tulips is objectively measurable. People are trading energy for energy here. The energy to make the tulips is traded for the energy to get the money which is backed by some form of energy to buy the tulips. So people do not always exchange energy equally as some might think they would try to through a currency directly representing energies, as a matter of fact often there are grossly unequal exchanges as a means of converting from one sort of energy to another because of want. (Did not Buddha say some thing like want leads to suffering? Maybe suffering is an unequal exchange of energies? Never mind that, but you see what I mean about running into trouble with developing this topic.) Want leads to the unequal expenditure of energy in transactions, however this is irrelevant to the physics of the situation, energy is the basis of the entire exchange, money is representative of energy to all parties to the transaction, all parties in the transaction expend energy to acquire money because they want something which requires exchangable energy, money, to get or give to make an transaction or an exchange of various energies.
Also, my google search for "Money is Energy" turned up lots of stuff about how energy efficient appliance will save you money, and maybe, at this point, those search results will be sort of humorous to the readers of my tripe.
I loved it
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