> Money supply management is important for price stability

That’s an academic answer but it’s wrong. Price stability is derived from economic equilibrium, which means energy however you want to label it in and out must be stable. It’s not a philosophical debate nash models most of it. Our landfill pipeline is the source of our debt.

The classical hypothesis is that a swamp of credit is always going to buy some magic wand where the ends justify the means and there are infinite ways for society to store debt. What you get is fraud after a phase transition which is the society we live in now. Basically all I’m pointing out is no free lunch. There’s nothing to debate. I’m mapping no free lunch to the various materializations of energy in the economy. Food fuel labor oil power whatever you want to label it you have to pay for that oil. It’s potential energy whose current payment date is hundreds of years in the future. The whole global supply chain theology is laid bare a bunch of horrible trade offs which falsely claim credit for largely unrelated gains in raw human output and hidden costs.