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A plague on the Euro, and all deficit-based currencies.

I'm interested in the concept of a new Euro as a "European energy unit": in energy grids across the Baltic and North Seas and across the Mediterranean, both of which already have the initial elements in place.

National currencies?

Simply base them upon property rental values, as John Law envisaged three hundred years ago.

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky

by ChrisCook (cojockathotmaildotcom) on Sun Jun 3rd, 2007 at 04:15:03 AM EST
[ Parent ]
I think the problem with a scheme such as that, is why tie your economic growth based on one segment of the economy. Just as the Gold Standard tied the inflation rate to amount of gold mined and on the market.

As an economy is in transition then GDP per dollar of energy consumption has decreased over time-including in the USA.

But, keep working this through...

Rutherfordian ------------------------------ RDRutherford

by Ronald Rutherford (rdrradio1 -at- msn -dot- com) on Sun Jun 3rd, 2007 at 07:36:52 PM EST
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