The value of money is based on perception. Even when backed by precious metals, it was still based on the agreed upon value and perceived scarcity of these metals. And of course marketing further distances price from value. In short, a modern economy is a game of pretend, it works only if people agree to participate and follow rules.
If some exploit the rules, and trust in the game is diminished, things begin to crumble. Exploitation doesn’t need be nefarious to ruin a game, if some take advantage of a weak structure it’ll eventually lead to uncontrollable hemorrhaging. At the foundation of every economic decision must be the desire for the game to thrive.
Self-serving interest must always be secondary to the health of the game itself. If the game collapses, all individual worth necessarily withers along with it. To ensure that the game perpetuates, all players must have the ability to participate. In a modern economic system, that means people need adequate amounts of money.
Because an economic system is only ever a game of pretend, there is no actual value backing the bills — just perception. Players don’t deserve more or less money based on any reasons beyond those defined by the game itself. Any successful game must monitor for and regulate against resource hoarding — regardless of underlying intention.
Unbalanced stockpiles must be redistributed by some mechanism lest the game grind to a halt. Overwhelming influence over others does not make for a successful game. All players require not mere presence, but the ability to influence their surroundings, leading to increased creativity and a more satisfying experience for all involved.
For their own ultimate self-interest, all players must, at every opportunity, seek to ensure the game is proceeding in a well-functioning manner. Vast accumulation and lack go hand-in-hand, a clear sign of imbalance — and once detected, abundance must bolster scarcity. Players must seek sustainability, rectifying underlying causes and preventing further imbalances.
Game regulation is a constant process. Every game has rules and adherence must be monitored and enforced. An economy is susceptible to the same concepts underlying any other game, there is no magical self-regulating process. When players become lax, allowing infrastructure to crumble, the gameplay consequently decays.
Because money is an imagined concept, its value only holds within the game — for money to retain worth, the game must be maintained. Like any game, an economy disintegrates when participation wanes. To facilitate participation, all players must have sufficient spending power. To ensure spending power, imbalance must be regulated with financial resources regularly readjusted in an equitable manner.