The Verification Cost Inversion: Why Energy Just Became Cheaper Than Trust
How a 54-year experiment in policy-based money is ending not with collapse, but with mathematics
By Shanaka Anslem Perera.
November 16, 2025
On August 15, 1971, President Richard Nixon announced the United States would no longer convert dollars to gold at $35 per ounce. The Bretton Woods system, which had governed international monetary relations since 194…
