Money is anything that takes work to produce.

Historically, money was gold or silver (hard commodities) or wheat or barley (soft commodities). 

Because it takes work to produce money, energy is directly correlated to the production of money (gold, silver, wheat, barley).

More energy equals more money.

Historically, farmers and miners controlled the money supply.

A bumper crop of wheat would increase the money supply if farmers allowed their produce to hit the market all at once.

Likewise, a new discovery of gold would increase the money supply if miners allowed their product to hit the market all at once.

As market participants, farmers and miners controlled the money supply.

In a true market economy, market participants control the money supply.

Today, in contrast, government-appointed academics with PhDs in economics control the fiat currency supply.

Fiat currency is created with a mouse click.

It doesn’t even require a printer.

And it doesn’t take work to make new fiat currency units.

But fiat currency is not money.

What’s the difference? 

Read on to find out…