Money is Fictional. Despite being a physical object, it is substantial piece of paper with no real worth behind it. Money is a confidence scam, says Richard Davies. In his New York Times article, “The Fiction That Makes the World Go Round,” he claims money is: “an I.O.U. written on cheap material that promises the holder nothing but more paper money.” Money is a type of national currency whose value represents the owner’s wealth. The value is merely set by the government, who can print currency at their expense. The amount of money the government may inject into the economy is not limited, and all it takes to increase inflation rate is adding a few more zeros. The items that can be purchased to make it worth its declared value is how the holder makes money valuable to them. But Richard Davies asserts in the book review, “The Fiction That Makes the World Go Round ,” that the idea of money is one that was widely formed as a shared fiction in order to acquire and exchange products that hold value. Even if money may not have always been a sign of fiction, as time goes on, we are moving away from currency with actual value. Richard Davies’ New York Times article suggests, “The early chronicles of cash show how societies move from monies with intrinsic value (commodity currencies, like salt, or coins made from precious metal) to paper currencies that are valuable because they are tools.” Without intrinsic value behind the dollar bill, its value can be at the discretion of the government.

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