Jeff Bezos—founder of Amazon and one of the wealthiest individuals in the world—has come under sharp criticism for purchasing a superyacht reportedly worth $500 million. For many, the scale of this project has become a symbol of the inequality and excesses of the ultra-wealthy.
Why does the dollar bill in our pocket have value? The value of money is established, according to some, because the government in power says so. For some commentators, the value of money is because of social convention. What this implies is that money has value because it is accepted, and why is it accepted? Because it has value and is accepted! Obviously, this is not a good explanation of why and how money has value.
Pop the champagne, Oklahoma City! Not only has the Thunder emerged victorious in the 2025 NBA Finals—bringing home the first title in the city’s history—but you, the taxpayer, are footing the bill for the team’s shiny new stadium.
