The Illusion of Wealth: How Paper Money Shapes the World

Paper money, in its most basic form, is just that—paper. On its own, it has no intrinsic value for those who choose to save in it. The only reason paper money holds any value is because it is widely accepted as a medium of exchange in the economy. But beyond its physical form, paper money also exists in digital form as credit, represented by numbers … Continue reading The Illusion of Wealth: How Paper Money Shapes the World