Why money should have a direct and transparent link to energy
Published by
City AM
City AM
By Darren Parkin The link between energy and money is essential to any functioning economic system. Money facilitates transactions, while energy powers economic activity. Historically, money has had a direct link to energy, ensuring the integrity of our financial system. A currency with no production cost will always warp society and have environmental consequences. Overprinting money without a direct link to energy has led to inflation, currency devaluation and war. This creates a hyper-capitalistic society hooked on cheap credit and oversupply of money, causing widespread economic instabilit…