“Later on, the things which represented money became more numerous and more detached from real makings-and-doings, more abstract, more based on promises, hopes, and wishes than on things derived from nature. That is to say, these newer representations of money tended ever more to a realm of the unreal. After a while, it became very hard to tell the difference between money-things that were real and unreal. The financial economy furnished plenty of mystification to blend the two. This confusion prompted plenty of fraud, a brisk commerce in unreality that produced winners and losers.”

https://kunstler.com/clusterfuck-nation/econ-101-a-fable/