I see. I am familiar with energy units &etc. from some science fiction, and I’m not against incorporating that concept into a model economy. But I’m not in favor of top-down economic regulation such as government allocating individuals a stipend and promulgating prices of various goods by fiat. That’s the sort of totalitarian thing I do associate with Technocracy and (communist) command economies.
I was talking with my father a while back about the value of goods and how to tell if something is a good deal or not. Like if you see five pounds of ground beef for $25, is that a good deal? There are many ways to associate value with a price point. One is to recognize that $5/lb is the cheapest deal available right now, so it is under value and therefore a good deal. A less naive approach is to say, over the past six months or so the average price has been >$5/lb so this is a good deal. Or, as it turned out with my Dad, the average price of beef in ~1976 (when he started grocery shopping and thus his baseline) was about $1, which is about $5.50 today, so $5/lb is a good price. And I agree that is sometimes how I think.
But when I’m buying something I don’t have experience shopping for, I tend to think of value in terms of other things I already have value for. Is a subscription worth a large pizza, for example. Is this worth 1/X of my salary. Is this worth x hours at my wages. &etc.
And I’ve talked with others who take into consideration things like environmental impact or child labor or American manufacture, in their (futile) attempt to be a conscientious consumer.
When I think about redesigning the way the U.S. regulates the economy (and thereafter the design of the federal government to meet this role), I’m very much against trying to force consumers to change how they think about price and value. It’s one thing to say government ought to model and regulate the economy starting from a fixed value for the dollar, and another thing entirely to say government ought to dictate the values of individual goods and services. As I said I would start with a lassaiz fare economy as a base and add regulations where needed.
~Max