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Default Texas Republican Party = Ultra Nationalists

August 27th, 2012, 18:09
The precious metal standard stuff really makes me shake my head. If you want a currency pegged to or backed by something with an intrinsic value you need to do two things to make it a worthwhile experiment at least as opposed to just plain self-destructive idiocy

1) You have to peg it to or back with with a unit of work - say kwhr.
2) You need a sufficiently advanced and interconnected energy infrastructure so that a generic quantity of energy (probably determined based on some tiny fraction of average per capita consumption) roughly interchangeable between forms as fuel and electricity.

That's at least a metric that grows somewhat well with population and the economy as opposed to something rather a bit more inflexible and horribly limiting like a precious metal standard.
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jhwisner

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