/biz/ - Business & Finance

>>24603130
The easy response to him is that there was a diverse seashell-based economy in north america that did bretty gud for like 1000 years. Something else replaced it. Will "something else" replace the value of currencies in currency markets? Yes! Its called bitcoin. It replaces an accounting error for proof of actual work. That will function as the "rails" for the global financial system while fiat currencies will continue to work in their jurisdictions, as the manipulable, floating representation of energy used (increasing entropy). He's referring to the premium for energy that the reserve currency currently enjoys which has been eroded as the entire world's inflationary currencies come to the "end-of-life" status as the means by which energy is deployed.

tl;dr: The price of things will increase because each artifact of the economic system will compared against the financial return of using that energy for something else (processing a transaction). The "balance" will be restored, which looks to OP like a horror story, when in fact it merely imposes the true, market-based cost for the energy. Remember Energy = mass.

The only script-flip in this case is fusion or zero-nominal energy cost energy invented. In which case it will have to be gated from the economy because you would simply exhaust some other, new limited resource (water? land?) etc.

Remember the physical system. Visit /sci/ and recall that Energy equals Mass, (E=Mc&^2) Also, tend to your political structures as we transition to a universal, basic income. Heil Hitler, etc.