Modify #1 to "The value of the currency is the average effort required to obtain X in wealth."
That allows us to include inheritance of wealth and finding bags of gold in the street without dismantling our understanding that a given amount of money represents a given amount of effort that we can expect others to be willing to exert to acquire that money from us.
And then walk through a house and look at it not as $X00,000 dollars, but rather as the amount of human work it represents.
That allows us to include inheritance of wealth and finding bags of gold in the street without dismantling our understanding that a given amount of money represents a given amount of effort that we can expect others to be willing to exert to acquire that money from us.
And then walk through a house and look at it not as $X00,000 dollars, but rather as the amount of human work it represents.