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Marshall McLuhan

“Money, as a social means of extending and amplifying work and skill in an easily accessible and portable form, lost much of its magical power with the coming of representative money, or paper money. Just as speech lost its magic with writing, and further with printing, when printed money supplanted gold, the compelling aura of it disappeared. Samuel Butler in Erewhon (1872) gave clear indications in his treatment of the mysterious prestige conferred by precious metals. His ridicule of the money medium took the form of presenting the old reverent attitude to money in a new social context. This new kind of abstract, printed money of the high industrial age, however, simply would not sustain the old attitude:”

Marshall McLuhan, Understanding Media: The Extensions of Man
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Understanding Media: The Extensions of Man Understanding Media: The Extensions of Man by Marshall McLuhan
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