12 OCT 2014 by ideonexus

 Calories as Currency

When the world went on a single currency, they'd tried to coordinate it with the food rationing in some way, hoping to eventually eliminate the ration books, so they'd made the new currency K's, kilocalories, because that's the unit for measuring the energy equivalent of food. But a person who eats 2,000 kilocalories of steak a day obviously has to pay more than a person eating the same amount of bread. So they instituted a sliding "ration factor," so complicated that nobody could understand ...
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13 MAR 2011 by ideonexus

 Money is Fiction

Ira Glass: For money, afterall, long ago, we used to use gold, and if you wanted to buy something, you had to carry around these heavy, shiny pieces of metal. Then we decided, no, let's just leave the gold in a bank. Instead of the gold, we're going to carry around these pieces of paper, and the paper on them says, "Yes, there's gold. You can take this paper money to a bank, you can swap it for gold." Maybe you've seen old dollars that say on them "Promise to pay the bearer so many dollars in...
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Today there is not gold backing money, nor even bills for much of the money possessed by the people of the United States. It's just and idea we agree upon.