I’ve seen of late many suggestions as to how we more equitably distribute money. The Basic Income debate comes immediately to mind.
But money must have some link to the value of goods and services it represents for it to retrain its usefulness.
Monetarism was first championed by economist Milton Friedman discussed in his book:
And while we can discuss the particulars about ‘velocity’ of money we must again revisit money basics especially with some economist advocating more and more debt to provide money to the market for more ‘growth’ . . . something that Kate rebuffs in her book advocating that an economy ‘thrive’ versus just grow beyond natural limits.
Technology advances is now hiding monetary and resource inflation as it increases economic efficiency helping to maintain monetary value as all forms of debt increase but this likewise ignores the doughnut.
We all desire a world where everyone has a minimum amount of resources to live a reasonable lifestyle.
Money can be used as a vehicle to provide prosperity but it must retain its value long term by addressing sustainability concerns discussed in Doughnut Economics.