I would have agreed with you ten years or so ago.

But understanding the energy connection helps us understand why it is not true any longer that there is any kind of limited budget. I don't mean MMT, but something much more physical, provable, by simple logic.

Austrian Economics is the principle used to justify the conventional arguement, that money must be balanced by capital produce, and the total capital of Earth is more or less constant. All of that made sense until just recently, the past ten years or so, when something physical changed.

We started to use significant solar energy.

Much more solar energy than is currently accepted by established authorities, for the reasons explained in my story about the Bitcoin Kardashev Hinge.

Now if we think of capital in terms of energy, we know by current technology we can generate hydrogen fuel directly from Joules of sunlight.

That is a process of free fuel production, from a process involving no real labour, after installation of the plant.

I've shown how the plant works in my Money-Fuel Tree story.

So by taking solar energy and winding it into any part of our human business, we should be adding effective barrels of fuel, for every kWh of energy received from solar, to the base of capital, upon which money should be issued.

But we are not.

Because if we were, that would mean money is being generated "For nothing", thus it would, and absolutely should be given for free, to those perceived not to be contributing any labour.

But still the solar energy is being absorbed, expanding the actual physical base of capital, in terms of energy.

Satisfying the Austrian Economic principle, in the presence of solar power requires that free money is given away, in proportion to the amount of solar energy being utilised, because all of the solar energy comes from off-earth, not part of the existing stock of capital on Earth.

That needs to be done, to preseve the value of the currency in markets.

Failure to do it, results in the perceived number of Joules per dollar being less than it actually is, so of course the dollar value drops, in the eyes of markets.

The same goes for every currency.

The highest valued, will be the ones most closely reflecting the value of Joules received from solar energy received.

This is all just Austrian Economics, and a little bit of physics.

The physics makes all the difference, I think.