The Jordan B. Peterson Podcast 330. The Natural Order of Money | Roy Sebag
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Feb 9, 2023 Roy Sebag, a self-made entrepreneur and author of "The Natural Order of Money," joins Dr. Jordan B. Peterson to delve into the unique relationship between money, wealth, and the natural world. They discuss the intrinsic value of gold, its historical significance, and its symbolism in finance. Sebag shares insights on value investing and contrasts commodities with financial assets, emphasizing the importance of understanding intrinsic value. The conversation also touches on economic sustainability, rethinking traditional metrics, and the philosophical implications of gold in modern economies.
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Value and Reality
- Peterson and Sebag discuss the concept of value, exploring the relationship between human subjectivity and objective reality.
- Commodities, representing fundamental needs, suggest that value isn't solely determined by human agreement.
Conversation with Nobel Laureate
- Sebag recounts a conversation with a Nobel laureate who dismissed the link between money's value and real-world structures.
- The laureate was unaware of natural variations in crustal abundance of metals.
Historical Use of Gold and Silver
- Gold and silver's use as money historically reflects an attempt to tie abstract value to natural phenomena.
- Civilizations used monetary units with weights, indicating a concrete rather than abstract value system.
