Treating money as a commodity (eg. money markets, debt cash flow, etc.) always has been and always will be an abuse of the monetary system. Money is nothing more or less than a means of exchange. If people want to hog and hoard, hog and hoard, hog and hoard, then I say let them hog and hoard themselves into a stupor.
The consumption capacity of any individual has a limit that falls far short of what they can hog and hoard. And if the abundance of the planet did not by far exceed what we can use, we wouldn’t have survived as long a as we have. The Function of Space (ownership) depends on our awareness of what part of the wealth of everything is ours. And this changes all the time depending on what we need to fulfill our life in this moment.
This isn’t just idle social commentary. Money is not actually within the domain of Ownership, it’s within the function of coordination. If this is reversed you get social enslavement instead of social freedom and justice. The only sustainable purpose of money is to assign a positive value to cash so as to coordinate the distribution of wealth. By assigning a positive value to a piece of paper, rather than a negative value (debt) everyone can exchange what they contribute for what they need at any given time ( which determines the quality of our interactions as a society). Therefore when a large amount of (hog ‘n hoard) cash goes out of circulation for an extended period… it is the constitutional duty of the government to issue an equal amount to match that through means such as job creation, guaranteed minimum income, grants to entrepreneurs and small business owners, etc. so there is sufficient positive money supply available to coordinate exchange of goods and services.
The Bank of Canada still has the authority to issue the money supply as real cash flow even though in the early 1900’s Canadian private banks were given the right (behind closed doors) to issue the money supply as a debt. However in the United States of America the private sector usurped the government when the Federal Reserve became privatized in 1913. Ultimately money needs to be electronic, and designated as ‘in circulation’ or ‘out of circulation’ and supported by checks and balances including price controls. When money remains a ‘means of exchange’ for the purpose of health, both personal and economic (rather than a means of control) it’s possible as a society to direct our energy towards the cohesiveness of unity rather than dis-solution of fragmentation.