Textbooks in economics, which explain the economic purpose of money {a unit of account, a store of value, and a means of exchange}, usually neglect to mention the chief role of money in America: a source of entertainment.
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In economics textbooks, the functions of money are typically outlined as a unit of account, a store of value, and a means of exchange. However, these texts often overlook a key aspect of money's role in American society: its function as a source of entertainment. This perspective highlights that, beyond its practical uses, money also serves as a form of amusement and distraction for individuals.
Michael Lewis, in his book "The...
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