And once you graduate from the unit of measure of exchange (and in economics, growth), you can go to economical physics , esp. Robert Ayres, who has solved some of the remaining "conundrums" of economics (like Solow residual) and showing very clearly, that real economic growth (sans financial growth) is based on "ability to do work" i.e. available useful physical energy.
Energy makes world go around - the basics - Robert Ayres
No energy = no work = no growth = no economy = money is worth shit
Energy is at the bottom (or top, depending how you view it) of the Economy pyramid.
Only economists and fucking morons don't understand this.
You can print money out of nothing, but you can't eat money (food is chemical energy), you can't move with money (transport requires fungible energy) nor can you live in money (houses are embedded energy).
Energy runs everything in the physical matter universe. Everything.
Richard Werner - Basics of Money creation
https://www.youtube.com/watch?v=asxt3bPN8io
Richard Werner - Longer version in a discussion with Hugh Hendry (ex hedge fund manager)
https://www.realvision.com/shows/the-essential-conversation/videos/more-power-to-the-princes-xe0z?tab=details
Detailed description of bank (commercial) money creation by Richard Werner
https://www.youtube.com/watch?v=MechH0ebs_c
Credit, Debt, Money Creation - Steve Keen (mathematically modelled and proven model of money) Parts 1-3
https://www.youtube.com/watch?v=7ZK7aTBD97U
Debt, economic boom / busts, future of money (debts can't be paid back) - latest model version by Steve Keen
https://www.youtube.com/watch?v=WtO8cGww_dA
And once you graduate from the unit of measure of exchange (and in economics, growth), you can go to economical physics , esp. Robert Ayres, who has solved some of the remaining "conundrums" of economics (like Solow residual) and showing very clearly, that real economic growth (sans financial growth) is based on "ability to do work" i.e. available useful physical energy.
Energy makes world go around - the basics - Robert Ayres
https://www.youtube.com/watch?v=wlrGdbzcEPk&t=5s https://www.youtube.com/watch?v=2WXth2Atwd0
The more complex view onto the same is the Economics as an Island of instability by Robert Ayres
https://www.youtube.com/watch?v=V_n0SPeecro
Steve Keen also explains Solow residual, as the Ayres video is no longer on the net that I can find
https://www.youtube.com/watch?v=kUdzH47Mpow
No energy = no work = no growth = no economy = money is worth shit
Energy is at the bottom (or top, depending how you view it) of the Economy pyramid.
Only economists and fucking morons don't understand this.
You can print money out of nothing, but you can't eat money (food is chemical energy), you can't move with money (transport requires fungible energy) nor can you live in money (houses are embedded energy).
Energy runs everything in the physical matter universe. Everything.
Those links were fantastic. Thanks.