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:

  1. Nick Drew17 March 2009 at 07:59

    Third Law: it's very cold without energy

    ReplyDelete
  2. Anonymous17 March 2009 at 09:56

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

    ReplyDelete
  3. AntiCitizenOne17 March 2009 at 10:10

    Nope, money is the use of other peoples time.

    Energy is a productivity multiplier.

    ReplyDelete
  4. Elby the Beserk17 March 2009 at 16:42

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

    ReplyDelete
  5. Anonymous18 March 2009 at 10:32

    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.

    ReplyDelete
  6. Paddington18 March 2009 at 13:02

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

    ReplyDelete
  7. AntiCitizenOne19 March 2009 at 12:48

    Money = Time * Productivity

    ReplyDelete

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