Quote from: jdbtracker on November 10, 2014, 09:51:28 PM

Well said.

What are we Truly measuring with money? Gross Domestic Product, Our capacity and efficiency for work? The potential futures of said work? Maybe we got it all wrong, maybe we should be measuring Total Energy in circulation, Potential capacity to generate energy and efficiency of transmission. Bitcoin measures it, how willing are people to use energy to generate exchangeable energy tokens? How efficient are said tokens able to be produced?

This was addressed by Austrian School. You can NOT do calculation from a planned centralized party (government). This is socialism. Is just the Hayek's fatal conceit. You can only do economic calculation (as an opinion) from market and get paid for you accuracy (modeling the domain and running stats). Then you have a different kind of companies and the whole market roles change.

http://en.wikipedia.org/wiki/Economic_calculation_problem

This kind of debates should be up. Otherwise is trying to fit an Austrian tool in a Keynesian world. Thanks for the perfect example.