If a resource is practically unlimited (say air), then money doesn't play a role.
Money is a way to assign priority to the acquisition of a resource, similarly to the role of a queue. If a generation is wealthier or not compared to others, it only speaks about how we share resources in society, assuming the wealth is being consumed.
For a society to be richer overall, it doesn't need more money. It needs more resources.
Money is a way to assign priority to the acquisition of a resource, similarly to the role of a queue. If a generation is wealthier or not compared to others, it only speaks about how we share resources in society, assuming the wealth is being consumed.
For a society to be richer overall, it doesn't need more money. It needs more resources.