{"id":62998,"date":"2022-07-02T15:49:20","date_gmt":"2022-07-02T20:49:20","guid":{"rendered":"https:\/\/olduvai.ca\/?p=62998"},"modified":"2022-07-02T15:49:20","modified_gmt":"2022-07-02T20:49:20","slug":"the-most-valuable-form-of-money-nobodys-seen-yet","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=62998","title":{"rendered":"The Most Valuable Form of Money Nobody’s Seen–Yet"},"content":{"rendered":"

The Most Valuable Form of Money Nobody’s Seen–Yet<\/a><\/h3>\n
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What is “money”? “Money” is a claim on the essentials of life. Ration cards are claims on essentials.<\/i><\/p>\n

Many people expect “money” will soon be tied to commodities. Agreed. It’s called a\u00a0ration card<\/i><\/b>\u00a0that grants the holder the right to buy a specific quantity of essential goods at a specified price.<\/p>\n

This right is a form of “money” directly tied to the value of commodities.<\/p>\n

Ration cards are the only fair way to distribute essentials in times of chronic scarcity.<\/b>\u00a0Markets work fine when there’s a substitute for whatever is scarce, but there are no substitutes for electricity, food, fuel or fresh water, the FEW essentials (Food, energy, water).<\/p>\n

Leaving the distribution of scarce, no-substitutes essentials up to the market leads to the rich eating very well indeed and the poor going hungry.<\/b>\u00a0This leads to a little thing called\u00a0the overthrow of the failed status quo<\/i>\u00a0and the destruction of a good chunk of its ruling class (Payback’s a witch, etc.).\u00a0No bread? Let them eat iPhones<\/i>.<\/p>\n

We know ration cards work because a mass experiment in rationing essentials was conducted in World War II.<\/b>\u00a0Maybe fairness no longer matters (and if it doesn’t, then prepare for\u00a0the overthrow of the failed status quo<\/i> and the destruction of a good chunk of its ruling class), but if fairness matters–or the ruling elite wish to keep all their power and all their goodies–then rationing and the ruthless suppression of price gouging are as good as gold.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Most Valuable Form of Money Nobody’s Seen–Yet What is “money”? “Money” is a claim on the essentials of life. Ration cards are claims on essentials. Many people expect “money” will soon be tied to commodities. Agreed. It’s called a\u00a0ration card\u00a0that grants the holder the right to buy a specific quantity of essential goods at […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3,6,7],"tags":[24078,536,587,13863,11402],"class_list":["post-62998","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","category-liberty","category-survival-2","tag-charles-hugh-smith-2","tag-money","tag-of-two-minds","tag-rationing","tag-supply-shortages"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/62998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62998"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/62998\/revisions"}],"predecessor-version":[{"id":62999,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/62998\/revisions\/62999"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}