Dollar pegs create debt servicing issues when the dollar appreciates.
Create a standard of value for the dollar. Not gold.
The standard of value: Energy Use Productivity.
The Energy Standard.
Energy use x energy efficiency = the standard of value
Energy efficiency is specific to national economies.
Money supply is pegged to energy efficiency.
Money supply increase is pegged to increase in energy efficiency.
Money supply increase is pegged to relative energy efficiency.
Of course, the Euro economies would not have the problems of being in lock step.
Of course, companies would not have to employ expensive hedging strategies.
An economy’s money supply would increase based on energy growth as a function of efficiency. Because of the creation of a standard of value.