Benjamin Cain
1 min readJul 24, 2021

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I see how economics would be at least part of the solution. And you seem to think we can choose to create a system of abundance, by adjusting the money supply to give everyone all kinds of money. Wouldn't inflation rise in that case? The value of something depends on the ratio of supply and demand. If suddenly everyone becomes a multimillionaire, wouldn't money itself lose its value? Why would a seller accept money in exchange for goods, when that seller could obtain money for free from the bank?

The question is whether economic value depends on scarcity. You're suggesting, I think, that we could arrange things so that everyone lives with abundant goods via free money or a morally rigged money supply. But wouldn't such a system promote decadence so that life itself would lose its value?

That's a criticism of the monotheistic idea of Heaven as paradise, which turns up in the TV show "The Good Place." Eventually you'd want to escape such meaningless abundance. In that case, things are more valuable precisely when they're scarce. And that would include the value of money.

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Benjamin Cain
Benjamin Cain

Written by Benjamin Cain

Ph.D. in philosophy / Knowledge condemns. Art redeems. / https://benjamincain.substack.com / https://ko-fi.com/benjamincain / benjamincain8@gmailDOTcom

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