![]() It won’t spoil and there will always be at least some money for everyone else. So, money changes things for Locke’s account. Yet, even if we were to ban all new money creation today, a Lockean could argue that there’s more than enough already for a generous distribution around the world.) (Of course, in practice, constantly creating huge new pools of money will lead to hyperinflation, devaluing the money for everyone. So, no matter how many billions someone creates, there will always be “good and enough” money for others, too. And, thanks to modern banking, there is no limit to the amount of money there could be - a bank can, and does, literally create money each time they give you a credit card or a loan (although, in practice, few countries allow this and place limits on money creation). Money, especially modern money in the form of digital numbers on a screen, does not spoil. ![]() ![]() ![]() Everyone can have and get what they want, so long as enough is left for everyone else to get what they want, as well.īut, there’s a lot of ambiguity in these rules, and money rather changes things. If we were to follow these rules, it seems hard to envisage a world of greed and inequality.
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