4 ms·
Money isn't an illusion. It is a useful abstraction of human effort/potential. The workers will be fired because the boss has run out of societal-effort credit
by ISL 4y ago
Money isn't an illusion. It is a useful abstraction of human effort/potential.
The workers will be fired because the boss has run out of societal-effort credits.
The only "illusion" is the collective understanding that these "made-up" credits can be redeemed with other counterparties for human effort in the future. So long as we all approximately believe that idea, it works.