What sense is there, in impoverishing the Mexican worker by consciously and deliberately devaluing his peso, to cheapen his product? Exports won this way, are not gained by exploiting some advantage, but by creating an advantage out of impoverishment
The connection between increasing available Energy and the Quality of Human Life, once made, becomes obvious. So obvious, that I could stop right here, and let others ponder the subject and elaborate on its manifestations!
Gold and silver fill the four requirements to be considered as money. Gold is more valuable than silver, because it is scarcer than silver, scarcity being the second requirement necessary for a thing to be considered as money.