epsql on Nostr: We are currently living in an economic system that measures finite resources against ...
We are currently living in an economic system that measures finite resources against an infinitely flexible measuring stick: fiat money.
It is obvious that, at any given time, there is only a finite amount of goods and services available.
It is also obvious that increasing the amount of goods and services requires the expenditure of other finite resources, namely:
- time
- energy
Time and energy can be used with increasing effectiveness only if capital has been built to use them effectively.
Capital, following a technological organizational recipe, is the specific instantiation of money (which could otherwise be used for all potential purposes) into a definite form the sole purpose of which is that of producing more goods and services. Capital is therefore by definition scarce at any given point in time.
Capital is therefore the result of an investment decision. Arbitrary changes of prices at any given time warp the economic signals at the basis of the extended order, thus resulting in a lower standard of living for society.
How on earth does not the average individual see that there is something fundamentally wrong with a monetary system that does not enforce a maximum supply of monetary units?
It is obvious that, at any given time, there is only a finite amount of goods and services available.
It is also obvious that increasing the amount of goods and services requires the expenditure of other finite resources, namely:
- time
- energy
Time and energy can be used with increasing effectiveness only if capital has been built to use them effectively.
Capital, following a technological organizational recipe, is the specific instantiation of money (which could otherwise be used for all potential purposes) into a definite form the sole purpose of which is that of producing more goods and services. Capital is therefore by definition scarce at any given point in time.
Capital is therefore the result of an investment decision. Arbitrary changes of prices at any given time warp the economic signals at the basis of the extended order, thus resulting in a lower standard of living for society.
How on earth does not the average individual see that there is something fundamentally wrong with a monetary system that does not enforce a maximum supply of monetary units?