so, typically if you owe money to someone, they expect you to repay it, with interest, interest being the extra money paid for the service of current "liquidity" of future assets. if somehow, you are not increasingly productive to create extra value in repayment of your loan and interest, your situation will not improve, but will deteriorate.
the ethic i know best is leave things as good or better than you found them, which allows you to restore the initial amount, and more if you are able and choose to do so. This approach means that the lender only lends to those who have a very good risk of repayment, and may even compell the lender to partner with the debtor to help them restore more than the current amount.
the drawback is the lack of liquidity, why would those who have resources lend them out, without a reward for that loss of security?
is it reasonable to say, that intensifying the use of resources increases their value. so that, the owner of resources is richer because of their high use-value, circulated through many users. for example, an snow-blower owner who never lends the machine out, is not as rich as a neighbor who has the very same machine and lets people make use of it as they wish. the second snow-blower is worth more, it has more use-value as a tool, it deepens community and creates valuable social connections for that owner. the loss of security is compensated.
its not quite the same as money, because we have neglected the wear and tear on the snowblower due to high use-value, but we can call that negligible relative to the high value of social connections.
money, then, may be most valuable if used as a tool, creating social value, lent as necessary, with an ethic of returning original value.
it is hard to see how current debt levels can be repaid. resources on paper are many times greater than the total value of all goods on the earth. future generations are already indebted and resources are declining. the average american personally owes more than $10,000. the american economy is indebted in the trillions.
