Citation – Xephos1

In author Richard Davies’ article for the New York Times, “The Fiction That Makes the World Go Round,” he claims that “money is a confidence trick: an i.o.u. printed on cheap material that promises the holder nothing but more paper money.” What Davies means by this is that money is essentially just pieces of paper that say you have a certain value. In other words, it is just a placeholder that says you have a certain amount of worth. This ideology is similar to that of author Jacob Goldstein who wrote Money: The True Story of a Made-up Thing. In Goldstein’s book he says that money is “a made-up thing, a shared fiction. Money is fundamentally, unalterably social.” Both authors can agree that money doesn’t truly exist as it is more of a social construct created by society in order to give things a value.

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