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Winning Position: Is Money Just an IOU?
I beleive money is a massive IOU. Money as a material is worthless. For example, you can give someone £200 to buy a computer. That £200 in paper form is just paper known as £200 worth just about nothing, whereas the £200 computer is worth £200. That IOU is traded for the computer that has a £200 value. That IOU can then be given to someone else for something else worth £200.
But the £200 paper is not worth £200
I'm not very good at explaining this but hopefully clever people will be :D