What’s so funny about money that deserves to be loved?

Power Station Future by the author.

The love of money is the root of all evil. The current capitalist catastrophe the world finds itself in seems to bare this out. Perhaps we need a new sort of money that is less loveable? Or more deserving of love?

Recently, I read this article by Jared Brock where suggested the idea of the joule as a unit of money. That made perfect sense. Gold with utility was how I thought about it. This was an idea worthy of further consideration and thus, today begins my journey into the future of money.

For those not familiar with the joule, it is a unit of energy. By a simple multiplication it can be converted into other units of energy that we might be more familiar with, the calorie, the kilowatt hour. For the sake of the argument I’m going to refer to joules as the unit of money. Mostly because it sounds like jewel, a thing of value and because kilowatt hour is a bit of a mouthful, even though kilowatt hours will be an important part of the discussion.

The benefits of using the joule as a unit of money are enormous, yet there is one fundamental issue we need to overcome before it is practical; the issue of storage. A joule is a physical entity yet it is not an object as such. For example, a joule can be stored as potential energy within a battery and can be withdrawn from the battery as energy, yet the…