Georg Tillerman
unread,Dec 3, 2023, 11:56:34 AM12/3/23You do not have permission to delete messages in this group
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to
one more time;
U = w + q
enerygy of system equals work done by system
plus heat produced by system doing work.
ok, so now, an 'economic system'
something like, "total available resources equals a function of work
available to produce new items, plus the cost value of those new items,
sort of like;
"Cost -of- money = work plus value -of- money"
U = w + q
only, in this case, it's
Interest Rates =
function of price stability or Value + function of emplyment
or useful work out of system.
like Cost of money is function of value of money,
plus what you DO with money.
where "money" is a place holder for ...resources and 'work' and value
teh way so-called philips curve lays on
the first Law of thermodynamics is
practically /self evident/
SO?
mainly all i'm driving at is that it's not just some
quaint olde fashioned way to look at an economic system
but, that it is as close to mirroring a /Natural energy system /
as you may get.
oh, and the "heat" function is also a measure of efficiency
but only Jesus can turn water in to wine
and glue a man's severed ear back on.
as of right now, in teh natural world
people cannot just turn corn into alcohol with the blink of an eye.
no, they have grow corn from seed and dirt and water, and then
run that resource through a process which produces alcohol and
that process is not 100% efficient and never will be.
so, what will you USE your MONEY on to bring forth new product?
well, the COST =of= MONEY , as shown in Interest rates,
gives you pause to consider what is Worthwhile using it for.
so, philips curve, mirroring first law is an apt description
and not just some outdated quaint relationship.
cost of Money is proportional to value of money and effort .
U = w + q
I = E + PS
that's all, youare TRYINGto mirror a natural behavior
and you have not yet learned how to squeeze blood from a turnip.
albeit, maybe,,,turnip blood.
can YOU get water to spring from a Rock?
well then, maybe someday, but right now
Resources and Value are related,,,still
a twenty dollar old piece is really still
Just a twenty dollar gold piece
it hasn't Changed AT ALL
etc.