Tagged: bank

four delusions of money

The “money-can-be-saved” delusion. The notion of saving money in a bank is absurd, although it is a particularly resilient illusion.

The “we-pay-for-things” delusion. We are trapped in the delusion, we are imprisoned by our work.

The “let’s-make-some-money” delusion. But of course, the only people who make money are banks, ratified by governments or kings. It is a collective illusion that serves a very useful purpose: without which we’d still be bartering.

The “negative-money” delusion. Before negative numbers, owing had a precise face, who I owed the oranges to; now it is faceless. One of Ghandi’s working principles was to never work in credit; this application of negative numbers to money deserves more attention.