Money is Fictional

Warren Ellis: "Money is Fictional"

Wednesday, June 27, 2012

Warren Ellis, author of Transmetropolitan, Crooked Little Vein and yet to be released Gun Machine gave the opening remarks for me last night in London for my UK release of Vultures' Picnic. Thankfully he posted them this morning, here's a bit of them, the full text can be found on his websitewww.WarrenEllis.com.

Special thanks to Ollie and Anna for organizing an amazing evening, and to Laurie Penny, Nick Dearden and John Hilary.  

I’m a writer of fiction. It’s fair to wonder why I’m here. I’m the last person who should be standing here talking about a book about real tragedies and economics. I come from a world where even the signposts are fictional. Follow the white rabbit. Second star to the right and straight on ‘til morning. And a more recent one, from forty years ago, the fictional direction given by a mysterious man to an eager journalist: follow the money.

Economics is an artform. It’s the art of the invisible. Money is fictional.

The folding cash in your pocket isn’t real. Look at it. It’s a promissory note. “I promise to pay the bearer.” It’s a little story, a fiction that claims your cash can be redeemed for the equivalent in goods or gold. But it won’t be, because there isn’t enough gold to go around. So you’re told that your cash is “legal tender,” which means that everyone agrees to pretend it’s like money. If everyone in this room went to The Bank Of England tomorrow and said “I would like you to redeem all my cash for gold, right here, in my hand” I guarantee you that you all would see some perfect expressions of stark fucking terror.

Read the rest at www.WarrenEllis.com