John, brilliant analysis, which I think is one of your hallmarks, thanks for posting.

As I see it, your modern analysis of money might be consistent with the following:

• It is freely issued, with no consequence on market value relative to other currencies, in fact issue of it can even boost its value relative to other currencies.
• Its value, and that of all others, also being freely issued, no longer bear any relationship to asset and commodity market values, other than that they are diverging.
• The transfer value is only realised at the instant of transfer, set by the relative currency value which applies at the instant of transfer.
• The commodity or asset value realised at the point of receipt is given by d$/dt, at any time, rather than $.

Assuming you agree, I would be interested to know your opinion of this piece, built on the points above:

An Electrical Power Circuit Analysis Analogy, for the study of a new Phenomenon of wealth flow…