Apparently, money and happiness are interrelated, but not as we thought before. Money does not directly affect the level of happiness, but money has an important contribution to happiness. How smart we spend money determines the level of happiness we can get. Suppose money 50.000 dollars used to buy lunch. Of course the skill of choosing a menu, or a restaurant, greatly affects how happy people are with the food. In other words, happiness is obtained when we get the experience of the money we use. It turns out that money is not created to be stockpiled.
Having a thick purse is fun. However, what makes these piles of paper, so attractive? Why does the paper have power?
Paper money, used by us daily is also called fiat money. Fiat money. Named fiat because fiat money has value based on government guarantee. Anyway, fiat comes from the Latin meaning let it happen.
So in fact, the paper money that we hold is a guarantee letter from the government that issued the money that the money has value and can be used as payment media. What is the difference with monopoly money?