Tuesday, October 1, 2013

Hyperinflation : Look On The Bright Side !

We hereby nominate Gideon Gono
Governor of the Reserve Bank of Zimbabwe
for the Nobel peace Prize

Governor Gono is as deserving of the award as Laureate Albert Gore, for instead of raising consciousness about climate change, Governor Gono has empowered Econoluxics, the exciting new geoengineering art form that uses money to reflect away sunlight to manage global warming.

In 2009 Governor Gono won the IgNobel Prize in Mathematics.  The IgNobel Committee praised him for:“ Giving people a simple, everyday way to cope with a wide range of numbers. “by issuing  banknotes in denominations  ranging from 1 Zimbabwe Cent to 100.000,000,000,000 Zimbabwe Dollars.

Giving Gono the peace prize is a win-win proposition : besides arresting inflation by reflating Zimbabwe's gold reserves with the hefty Nobel prize medal, it can halt global warming by parlaying the award money into world-wide albedo change.

The Committee need only insist Governor Gono demonstrate good faith in his own currency by accepting the ten million Kronor Peace Prize payment in the form of Zimbabwe One Cent notes.

This is a no risk proposition, because printing the thousands of billions of trillions of colorful banknotes needed will take long enough for the Nobel Foundation to recoup the entire Kr. 10,000,000 by investment in T-bills or Grameen banking. 

The climate impact of CO2 could be reversed before the Prize is paid,  for while a Z $100,000,000,000,000 bill may not buy a single dollar or Euro, it is still worth  fully ten quadrillion (10,000,000,000,000,000) Zimbabwe One Cent bearer cheques

which as can be seen, are about three times brighter than the surface of the Earth, which presents an aveage albedo is only ~.16.

At the rates prevailing when Dr. Gono retired, a single dollar will yield over 500,000,000 square kilometers worth of biodegradable Zimbabwean paper currency, transmuting the Peace Prize into enough litter to immerse the Earth in brightly colored money! 

The high reflectivity of this new planetary layer, the Lucrosphere, will radically incease our planet's albedo, and so compensate for the loss of reflective Arctic sea ice that threatens to accelerate global warming.

 Why let humanity swelter on an insufficiently pale blue dot when shining pink Peace prize fallout can terminate global warming without the rigors of carbon taxation, the moral hazards of geoengineering, or the tedium of Vice-Presidential telethons?
Econoluxic cooling is reversible, because once the climate has cooled down, every imprisoned counterfeiter on Earth can be released to collect the sunlight- reflecting wealth that has rendered thier profession obsolete.

Econoluxics can also rid the world of hyperinflation, for even at depressed carbon credit prices, 20 square meters of bright banknotes still reflect enough sunlight to offset a tonne of CO2, making a pound of  Zimbabwe bills worth almost a penny at current rates-  at a trillionfold  improvement!