Why money should have a direct and transparent link to energy

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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…

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