Fiat currency will, by definition incurr inflation.
What if money were tied to necessities like a liter of water, kWh of energy, or kilograms of grain?
the thing is that scarcity is not gonna last forever on earth, because ultimately the economy will become highly efficient and produce those things in abundance, so the money based on it would be difficult to hold value, i’d say.
but it is a good idea for a mars currency, as long as there’s no abundance of resources, e.g. water is scarce, it holds value.
Fiat currency will, by definition incurr inflation. What if money were tied to necessities like a liter of water, kWh of energy, or kilograms of grain?
yeah i proposed the same idea a while ago.
the thing is that scarcity is not gonna last forever on earth, because ultimately the economy will become highly efficient and produce those things in abundance, so the money based on it would be difficult to hold value, i’d say.
but it is a good idea for a mars currency, as long as there’s no abundance of resources, e.g. water is scarce, it holds value.