If tx rate is the “velocity” of money, what physics quantities do other measures map to?
Eg:
wealth = volume?
inflation = d(density)/dt?
Interest rate = ?
Macro velocity (gdp/money supply) looks kinda like temperature
Micro (velocity of a specific dollar) = gas particle?
Conversation
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This is good
Wonder if the v^2/r and i^2r formulas for power work out 🤔
And what “heat” dissipated by resistance maps to
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disruption in price signals from slow adaptation to the inflation, a lot like the "heat" in simulated annealing
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