Key Highlights
- People get confused, sometimes they think an economy is money.
- (But), money is a database for exchange requisite services and for time-shifting the exchange of written services, that's it.
- Money is a database, it doesn't have power in and of itself,” he said.
- Explaining, “You can run the thought experiment: You're trapped, shipwrecked, on a remote island and you have a trillion dollars in a Swiss bank account, it's worthless.
- You would rather have a can of soup.
