Chinese Blackouts Are Revealing Something Much More Important About The Global Economy
Economics Explained
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The Economics of Energy
Economics is a study of scarcity. And theoretically, any economic problem can be solved with unlimited energy. Someone sitting on their life savings of killawhat hours is likely to see the value of those savings decrease over time as an economy increases its capacity to generate energy in usable forms. Of course, if this energy base currency was to become a reality, we wouldn't be walking around with pockets full of batteries. We would likely do what we did with gold back in the day, and trade in bills denoting a set value of energy that would be stored somewhere which is better equipped to house it.
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