From a rationality standpoint, this is backward. Money has no nature, it is not a substance. How do people behave is the fundamental question, and how do their shared delusions about money affect their behaviors.
It’s important to understand that there’s no actual bedrock truth about money—it only exists as long as people pretend/believe it does.
From a rationality standpoint, this is backward. Money has no nature, it is not a substance. How do people behave is the fundamental question, and how do their shared delusions about money affect their behaviors.
It’s important to understand that there’s no actual bedrock truth about money—it only exists as long as people pretend/believe it does.