I get it, and I wish there was a more stable way to measure value internationally. Not for trade or anything, just a baseline. Something along the line of total global money value / total supply.
I’ve only thought about it casually, but everything I’ve come up with makes the concept more complicated. It spirals pretty quickly. Value in what? Gold? (no). Watt-hours? Who’s energy?
I’m sure someone with an economics degree has gone absolutely nuts trying to figure something out. I’d be very interested to learn more.
I get it, and I wish there was a more stable way to measure value internationally. Not for trade or anything, just a baseline. Something along the line of total global money value / total supply.
I’m not understanding where you’re going with this. What problem are you trying to solve? Lets say for a moment you did find this magical objective and fair international measurement method. What then? How would you use apply it?
Honestly? Sometimes my brain just runs with stuff like this. Having travelled enough, it gets really fascinating, what’s expensive where and why. A universal value metric would be about as useful to me as the Kelvin scale is. It’s nice to have it as a thought tool, but it’s not particularly useful day-to-day.
Gotcha, so more of a solution looking for a problem at this point? I thought you were advocating for a policy path I wasn’t understanding. Nothing wrong with simply ideating for the sake of exploration. I do the same myself.
I get it, and I wish there was a more stable way to measure value internationally. Not for trade or anything, just a baseline. Something along the line of total global money value / total supply.
I’ve only thought about it casually, but everything I’ve come up with makes the concept more complicated. It spirals pretty quickly. Value in what? Gold? (no). Watt-hours? Who’s energy?
I’m sure someone with an economics degree has gone absolutely nuts trying to figure something out. I’d be very interested to learn more.
I’m not understanding where you’re going with this. What problem are you trying to solve? Lets say for a moment you did find this magical objective and fair international measurement method. What then? How would you use apply it?
Honestly? Sometimes my brain just runs with stuff like this. Having travelled enough, it gets really fascinating, what’s expensive where and why. A universal value metric would be about as useful to me as the Kelvin scale is. It’s nice to have it as a thought tool, but it’s not particularly useful day-to-day.
Gotcha, so more of a solution looking for a problem at this point? I thought you were advocating for a policy path I wasn’t understanding. Nothing wrong with simply ideating for the sake of exploration. I do the same myself.