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BurningFrog a day ago

> money is a relative resource

I think this is the better way to think of money and wealth:

Money is the unit of measure for wealth. It's not in itself wealth.

potatoman22 20 hours ago | parent [-]

That doesn't quite make sense to me. A meter is a unit of measure for distance, but a meter is a distance.

BurningFrog 17 hours ago | parent [-]

Yeah, it's not the same as physics units.

Money does have real value, but only because it can be traded for valuable things.

But money in itself, as bills or numbers in a bank account, is useless until you trade it for something "real".