I think Yuval explains this the best in his blog post: "How does money work? Gold coins and dollar bills have value only in our common imagination. Their worth

I think Yuval explains this the best in his blog post: "How does money work? Gold coins and dollar bills have value only in our common imagination. Their worth is not inherent in the chemical structure of the metal or paper, nor in their color or shape. Money isn’t a material reality—it is a mental construct." Here is the link if you would like to read further: https://www.ynharari.com/topic/money-and-politics/ https://www.ynharari.com/topic/money-and-politics/