Money

Money is a social construct—something that has value only because we all agree it does—which serves three main purposes:

1. A store of value: something you can save to meet future needs
2. A unit of account: a way to keep track of debts, what you owe and what’s owed to you by others
3. A unit of exchange: something people will almost always accept in exchange for their labor or goods

Most money is created by banks loaning it into existence, not the government printing it

• Correcting misconceptions about money and how it’s made

The origins of money

Debt: The First 5,000 Years debunks the myth that money emerged as a solution to the inconvenience of bartering, and reveals its historical origins in conquest and exploitation.

https://doctorow.medium.com/moneylike-d20f8279a72e

Having money or the social status that comes with it impairs you psychologically

Various studies show that wealth can impair empathy, compassion, moral judgment, happiness