Something You Should Know cover image

SYSK Choice: The Complexities of Ownership & What Money Really Is

Something You Should Know

00:00

Are You Talking About Physical Bills?

In terms of all the zillions of transactions that go on every day money. Almost none of it is anything happening in the physical world. I mean if you especially if you think by dollar value right every big transaction like you might still pay in cash at the grocery store. But you're not going to pay in cash if you buy a house. The bigger the transaction the less likely you are to use cash so it's really just a set of of ledgers rightjust a set of records he says. "Money as memory money is memory which is kind of nice kind of poetic for a central banker"

Play episode from 35:43
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app