Oh look! Another bubble
(twitter.com)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (49)
sorted by:
It doesn't need to be tied to an indicator, but when it is it's a lot more resilient to the kind of manipulation that can happen when the market isn't allowed to be truly free, if for no other reason than because it puts physical limits on how far you can stretch the truth.
From where I'm standing the market hasn't been properly free for a veeeery long time, and with all the powerful information control and obfuscation tools in the pipeline, along with the almost universally expanding government powers in the west, it's not looking to get any more free any time soon. So I think there's still value in considering currency paradigms that work in real-world conditions as well as ideal ones.
Tying the value of currency to energy is as unrealistic as letting the value be determined by the free market. Neither will happen. Faced with two fantastical options, I think mine is a better fictitious solution.
But this conversation is getting silly. Let's end it here, friend.
Alright, agree to disagree it is, have a good one.