Tuesday, March 17, 2009

Simple Science

The Laws of Thermodynamics for the layman:

First Law: You can't win.

Second Law: You can't even break even.

Translated to money terms, they are still true, but all too many didn't believe it. That's what put us in our present mess.

Once we clear up the meltdown, perhaps the sensible approach would be to base the economy officially on energy. After all, it effectively is already. For example, the price of gold merely reflects the energy expense of extracting it.

7 comments:

Nick Drew said...

Third Law: it's very cold without energy

Anonymous said...

Third Law: You can't get out of the game

AntiCitizenOne said...

Nope, money is the use of other peoples time.

Energy is a productivity multiplier.

Elby the Beserk said...

All very well, but in the end, all systems tend to entropy.

dearieme said...

First Law: You can't win.

Second Law: You can't even break even, except at absolute zero.

Third Law: You can't reach absolute zero.

Paddington said...

Anticitizen - I actually had in mind that human energy be counted as well, suitably weighted for desireable skills.

AntiCitizenOne said...

Money = Time * Productivity