kaal:claim:3402701-025

Defining the energy of money as the product of economic momentum and velocity gives a basis for discussing economic frictions and for distinguishing genuine from artificial network energy, which is what guards against hot money instability.

Source quote, verbatim

With clearly specified definitions of energy we can discuss "frictions" in an economy due to inefficiencies, and we can distinguish "genuine" versus "artificial" network energy to guard against the instability arising from hot money

From

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies - First Order Principles (2019), 3.1.2.4 The Energy of Money, p. 23
https://ssrn.com/abstract=3402701 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies - First Order Principles (2019). SSRN: https://ssrn.com/abstract=3402701

Holds when

proposed research framework, analogy to kinetic theory of gases

Classification

definitionalsupport: speculativeeconomics

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