More Musing on Measuring Environmental Wealth in Complementary Currencies

This silly question has been nagging me: - If we need more and more value, and growth in activities reducing pollution, but also measured in some kind of currency2.0 today, then how that currency might relate to inflation? Because, obviously, it needs to be inflated a lot and fast - pollution cleaning can't wait.

Now, conventional money - the paper money - becomes worthless when inflated too fast. When there is way too much of it, the incentive is lost to back it up with increase in real products or services and they become next to worthless.

So to make a value system work for the environment and to acknowledge rapid improvement in that area, it may not be based on what can potentially be worthless - wealth that is only valuable if scarce. It should be based on what is also valuable when in abundance.

Whether or not it is to be based on what should be freely available, like clean air, or something that needs to be paid for to remove - like CO2 in the air, that's another question.

Money or Goodey?

Here I follow on with a thought from a previous post titled "Scarce Money or Scarce Resources?", or why I think that carbon credit is deeply flawed.

The notion of money is strongly tied to the notion of currency. We value what is scarce, and we value today what is scarce today. We value what is hip, what is cool, what is funny -- pretty much what makes us healthy and happy.

So if real, natural, and free market is based on scarce resources (as we discussed this previously) and what really matters to us right now, then currency should be tied to good air, good water, good forest, good reef - stuff that is scarce, not stuff that is in abundance.

In short, currency shouldn't be money, it should be all the natural goodies of earth that are currently at risk to be in very short supply. Then, may be not 'open money' is the best way to call it. Open goodie perhaps? You decide.

But if it to become a household name frequent use will erode it into one shortened label to be sure. In fact, you could in your mind shorten open money in just one word right now. Imagine making this a household name: goodey to give us some reminder of what it meant to replace.

Do you think it could work?