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.
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 Money Culture," points out this neglected viewpoint, suggesting that the cultural implications of money extend far beyond simple transactional purposes. The allure and excitement associated with money in America contribute to its perception as a form of entertainment, influencing behavior and societal values in significant ways.
