Isaiah everything you are saying in the world of near constant value in capital is true.
But that world is ending now.
It started to end when we started to put solar energy to use.
Since we started to incorporate Joules of energy from the sun into what was a closed box, zero-sum economy, it is no longer a closed box, but a box slowly opening.
The conventional economy operated for thousands of years quantified all capital as C, a constant.
But look at solar energy being converted into hydrogen fuel for example.
Those barrels of fuel add to all the possible barrels of fuel that already existed on Earth. So fuel alone can no longer be considered as a constant.
There are many other things we can similarly convert solar energy to, including even food (See "Solein").
All of this stuff being created adds to the existing economic capital of Earth.
So the quantity of capital is no longer C, but C plus a function of time, which very quickly will overcome C.
Right there you should see the mathematical proof of the end of capital.
The implications of that on money issue are huge, it literally turns all the old rules upside down.
Now money has to be issued to reflect that new added product from solar energy which is donated, not extracted, therefore can't be issued as debt. It has to be issued for free, to honestly reflect the energy and product received for free.
As long as money is not issued reflecting that valuable, non polluting, donated product, then it is becoming increasingly less representative of actual valuable product, the most valuable we can imagine, scaling up.
This breaks the rules of Austrian Economics, based on supply of money being balanced with suoply of product.
As long as that imbalance keeps getting greater, money has to devalue.
So if we wish to see its value retained, or even recover, we should wish for the day coming soon when it issued for free.
Otherwise, we should just sit back and enjoy the shit-show of the technical capitalists (pretty much all leaders of all countries, and all big business) trying to deal with inflation, I would say :)
