Praxis' idea is a good one. The idea is that if we all used gold as a currency, no one countries' currency would slide in value versus another. However, the supply of gold is not fixed. People can just dig more out of the ground, and suddenly have money.Originally Posted by Praxus
What we need instead is a system of energy credits. If currency was a measure of energy that can be used, it would represent a fixed producing power no matter where it were used. In countries that made more efficient use of their industries (ie, US, Japan) the energy credits could buy more. This would solve the problem of shifting currencies, and be better than gold or the barter system.