Regensburg 2013 – scientific programme

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SOE: Fachverband Physik sozio-ökonomischer Systeme

SOE 25: Poster session

SOE 25.1: Poster

Thursday, March 14, 2013, 17:15–19:00, Poster C

Quantum Monetary Science — •Stephen I. Ternyik — POB.201, D82043Munich

The physics of monetary systems is badly understood in the economics profession and the discipline lacks a scientific basis. In an advanced monetary production economy, all human needs are reduced into the need for money and the monetary quantum drives the dynamic efficiency of economic productivity.In this economic state, the typical working of the monetary body is the interplay of fiat credit from private banks via minimized fractional reserves and the emission of fiat money without the growth of economic productivity via public monetary police. This banking system is a violation of the physical or natural laws of economic production as the monetary sytem is a physical process of higher order, i.e. the global financial crisis is the result methodical monetary mischief; some economic alternatives to this systemic error shall be presented.