The 3rd and 4th installments have been combined into a single, hard-hitting collection of deductive arguments, neatly wrapping episode #6 up.
Medium of Exchange and the four Laws of Thermodynamics are quickly reviewed.
With the use of an analogy, the difficulty in explaining Medium of Exchange from a thermodynamic perspective is addressed.
A full analysis of a CDE (currency-driven economy) through the lens of thermodynamics is laid out from foundation to subtle nuance. Afterwords, a look at the three functions of money, separately and as a whole, reveals all of the logical issues with our currently used pseudo-structure.
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