I did say it doesn't matter, whether it is Austrian Economics or not, my bad for picking up what other people interpreted it to mean.
The point is that all theory of economics which does not align with how physical energy works is defunct, bullshit business, sorry if that offends what you obviously have invested a lot of your time in. A lot of people have. A very large portion of what we do is bullshit business. Us arguing about it here is just more bullshit business, a useless waste of energy.
Profit is finished. It's an energy lie. It's incompatible with the only energy that can be used to physically create.
The problem of profit is not difficult to see in diagrammatic form. I've given it in my latest story. So what you think of as markets will be a little different in the next phase that we are being forced to, by nature. It's not me doing this, it's nature. I am just trying to explain to you how it works. It will happen whether you or I want it to or not, but it would be much less pain for us if we assist it, rather than try to go against it. Traders will have a different motivation for trading with profit removed, it will be about voting for the things we want, with disposable income. If Economists want a future, in that world, then you will have re-evaluate what you think about money, keeping in mind it will be a machine that adminstrates it all.
The point is it can't carry on as it was / is and inflation will keep getting worse because difficulty of extraction is continuing to increase, non linearly, it will force all business into bankruptcy, no exceptions, anything surviving this will have to have moved to more or less public ownership, and be voted for by folk putting their money towards it.
Oil failed that test last time round, if you remember, it's price went negative when the massive stimulus that might have qualified as solar indexed stimulus was issued.
Remember that, also that the value of the issued money went up, not down.
I've shown mathematically why that happened too, and will happen again, when the solar indexed stimulus, the energy supply to all of humanity, from the sun, is switched on, and left on.
The article explaining why profit is done is this one (My latest):
https://medium.com/@eric-bott/forget-greenhouse-gases-ef857af9b168
The article explaining why solar indexed stimulus worked, and had to work because of the physics, is this one:
