The Next Big Idea Daily Money Isn’t Real—Here’s Why That Matters
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Aug 13, 2025 Paul Vigna delves into the intriguing concept that money functions more like a religious artifact than a mere tool. He explores the historical tension between debt relief and the relentless grip of greed. The discussion highlights how the evolution of money has shifted societal values, often prioritizing wealth over humanity. Vigna encourages a reassessment of money's significance in our lives, questioning its impact on equity and morality in today's world.
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Money Is An Agreed Idea Not A Thing
- Paul Vigna argues money is not a physical thing but an idea and accounting system created by people.
- He says money's power comes from collective belief, not intrinsic value.
Value Depends On Collective Belief
- Vigna explains many objects (gold, paper, digital entries) can represent money but aren't money itself.
- He cites John Searle that money exists because of collective intentionality and shared belief.
Temples Invented Money's Record-Keeping
- Vigna traces money's origin to temple scribes in Uruk who used record-keeping to manage taxes and resources.
- He notes temples ran economic life, linking money closely to religious authority in early cities.
