Agree,
Just one small correction, IMHO-
Original reads: ““wealth” (which is what money supposedly represents)”
Should read: Money represents human time.
Anything with a price on it, is trading human time. As the saying goes, “time is money.”
An example: If you were the last man alive, and a mountain of 12 trillion dollars were piled up outside your home, what would it do for you? Would it feed, power, clothe, protect, entertain you? If old, would it push your wheel chair down the aisle of the hospital, do a medical exam on you, mow your lawn?
***Money is an abstract concept representing human time.***
It works better than bartering.
However, modern financial/monetary systems allow for massive fraud by government, i.e. where they essentially steal and intentionally create inflation when they spend far more than they really have.
“However, modern financial/monetary systems allow for massive fraud by government, i.e. where they essentially steal and intentionally create inflation when they spend far more than they really have.”
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One of the worst aspects of this is that they steal from future generations, leaving the burden of debt payment largely to them.