I’m not about to wade through the sewer of Technocracy again, and the better articles are hidden behind paywalls. From a quick glance, what I was thinking of was a system of energy credits. Unfortunately, all the simple explanations are from modern revisions of technocracy. The thinking has been modified many times over a century.
The crux all boils down to the Laws of Thermodynamics they teach you in high school.
All physical work (including human processes like manual labor, electrical lights, aircraft and natural processes like weather, photosynthesis, even living and breathing) requires energy. On planet Earth, nearly all of this is radiated–and originates–from the Sun (with a negligible amount produced by thermal vents in the ocean). This energy (which can be measured in units of erg, Joules, kilowatt-hours, calories, etc.) allows plants to grow, allows weather and the hydrological cycle to cycle, and essentially created all fossil fuels buried underneath the ground millions of years ago. All sources of energy, whether it be from sunlight or from gasoline, can be measured to an exact number by scientific-minded personnel and machinery.
Due to the law of physics, energy units–unlike monetary units (or “Debt tokens”) like the U.S. dollar, the peso, stocks, bonds, etc.–do not fluctuate in “value” due to speculation, inflation, etc. (i.e., by the law of physics, one calorie is the amount of energy required to raise the temperature of one gram of water by one degree Celsius, and this will always be the case as long as the universe remains).
Therefore, since every physical process on Earth utilizes energy (i.e., making goods, hauling cargo, running nuclear power plants) which can be constantly measured and does not fluctuate in “value” unlike money, Technocracy Inc. states the monetary unit should be replaced by energy credit. Each adult citizen will receive an equal allotment of the total energy produced by the Continent of North America every two years which they can then spend on goods or services using something that will probably come in the form of a credit card.
A recently updated, skimmed-down version of the core text The Study Course was produced in 2007 called the “Technological Continental Design”. https://www.technocracyinc.org/wp-content/uploads/2014/04/Study-Course-1-1.pdf. It’s easy to read and will probably explain your questions a lot better than I can. You can find the exact definition for “energy credit” on Page 70.
If you go to that link, you’ll find this.
Technocracy proposes to replace money — that, in all its
various forms such as coin, currency, bank drafts, checks, et
cetera, is a medium of exchange – with a nonfluctuating
medium of distribution. Instead of having an elastic type of
“value” as at present, goods in a Technate would possess a
measurable energy input and would be distributed on that
basis. The total cost of all goods and services produced would
be the total amount of energy used in their production. The
total purchasing power is a certification of the total net energy
consumed; the income of the individual in a Technate is arrived
at by dividing the total adult population into the total
certification of consumed energy. The cost of any one unit of
production, as for instance a pair of shoes, would be the total
energy required to produce all shoes, divided by the total
number of pairs of shoes; this would give the cost of an
individual pair of shoes. This cost would be expressed in some
such scientific term of physical measurement as ergs.
The paper is originally from 1975 and shows it. People still have landlines owned by the telephone company who charges big bubks for long-distance calls. However, I’m sure the thinking hasn’t changed much in a half-century.
Oh, the line “This caught my attention” was supposed to go with the quote of GordonG’s. Not that your quote didn’t catch my attention. Just wanted to clarify my intentions.