Among collectors, it is said that art is cheap; it is assurances that are expensive. What gets people to spend thousands on some dribbles on a canvas by a no-name is the promise — by a gallery owner or other “expert” — that the thousands will become millions.

The value of money is the same.

Creating money is easy. Anyone with a color printer can do that. What makes money “expensive” is the assurances that come with it.

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