Here's one, from what does money derive its value?
I mean, its the most important thing in our society. You'd think that they would make sure it was really hammered home.
Now, you'll be told that it has value simply because we believe it does which isn't untrue. Theyll say, you know, it's like gold that doesn't actually hold any value. We just believe it really hard.
The problem is, we value that gold is shiny, imperishable and we can make pretty things out of it. We didn't have a big meeting and just randomly decide that gold would be valuable.
Another problem is that money is an iou. Except its, apparently, an iou that isn't own to anyone and doesn't have to be repaid, making it fall short of the criteria for it being an iou.
Tbf our economists dont really need to think about that, as, due to how money is created and destroyed, the position nets off due to the debt being repaid, despite the above. Theres no need to consider the non hypothetical part.
What if the underlying asset was human labour? You know, like how cotton, sugar and steel used to be used as currency in Virginia, the west indies and Sheffield respectfully. Its just that we live in human labour farm and you're living capital. To me, considering modern monetary policy, its the only thing that makes sense.