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I'm trying to imagine the inflation that would result from reliable fusion technology. That said, currency that is destroyed as the backing energy is consumed
by michaelfeathers 14y ago
I'm trying to imagine the inflation that would result from reliable fusion technology. That said, currency that is destroyed as the backing energy is consumed is an interesting concept.
- DennisP 14y agoThere'd be no use in printing vouchers for more energy than people have a use for. If more abundant energy means usage expands, that means the size of the economy is expanding, and the currency would simply be adjusting to fit. You only have inflation if the currency expands faster than the economy does.
- stephengillie 14y agoWe'd see incredible inflation during years with low energy output. Oil companies would be the gold miners, and thus would get total control over monetary policy.