Jeff Booth’s mantra of “Abundance of money creates scarcity everywhere” can be interpreted in several ways, but the interpretation that makes most sense in my head is the following:

Abundant money refers to an ever expanding monetary base. An ever expanding monetary base creates perpetual inflation. Perpetual inflation lowers people’s time preference and incentivizes overconsumption. Overconsumption leads to scarcity of resources, which feeds this vicious cycle.

Ok, bye now.