Tuesday, September 13, 2011

Imagine that we are all born rich, very rich, with an immoderate sum of money in our accounts. We are in a world of absolute equality. But this money that we have has a complex feature - that it only depreciates with time. So somebody, say a day older to you, can never claim to be richer than you are. So this is a world of equality, but one where everybody grows poorer.
Can I dare say, that this is the same world that we live in?

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