Money is a measuring stick
Date: 2019-05-14
Source: https://craigwright.net/blog/economics/money-is-a-measuring-stick
Something that people don’t seem to understand well is that money is not in itself a valuable. Money is simply a measurement of stored debt. It is a call on society for past exchange. Money is the societal contract we enter into to exchange goods and services and, rather than barter, to be able to put down a marker that we can use to exchange for the things we want later. Money is the marker of us selling into the ledger and then taking back out of it.
Value comes from the things we exchange money for.