Then there is central banks which I think is a form of central planning. Most central planned system lack information that why they do not work. I argue production of goods and services are free market but money creation is centralized by banks and central banks.
https://en.m.wikipedia.org/wiki/Economic_calculation_problem
Then there is the whole thing of peels bank act where the bank loans your bank account assets to others no matter how risky but still guarantees it to you. Is banks doing a form of double book keeping?
https://en.m.wikipedia.org/wiki/Bank_Charter_Act_1844
> A flaw with current economics is that they expect the economy to grow exponentially while resources including energy are linear
The amount of energy the world consumes to produce 1 unit of GDP declined by 32% between 1990 and 2015 [1]. Measuring macroeconomic material intensity is more complicated [2], but the core of your misconception derives from the subjectivity of value.
One way to make a car more valuable might be to make it twice as heavy. But another could be to make it a nicer color. Or give it better software. (Better being defined solely by price.) As our world becomes immaterial, the decoupling of material inputs and economic output makes sense. It also lays the ground for theoretically infinite economic growth. As long as peoples' utility is being increased the economy will grow.
> A flaw with current economics is that they expect the economy to grow exponentially while resources including energy are linear.
The first half of this is less than clearly true, the second half is not only not true but it's not even coherent. Resources are linear with regard to what independent variable? Certainly not time, the one that is implied in exponential growth.
Then there is central banks which I think is a form of central planning. Most central planned system lack information that why they do not work. I argue production of goods and services are free market but money creation is centralized by banks and central banks. https://en.m.wikipedia.org/wiki/Economic_calculation_problem
Then there is the whole thing of peels bank act where the bank loans your bank account assets to others no matter how risky but still guarantees it to you. Is banks doing a form of double book keeping? https://en.m.wikipedia.org/wiki/Bank_Charter_Act_1844