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“Money feels cold and mathematical and outside the realm of fuzzy human relationships. It isn’t. Money is a made-up thing, a shared fiction. Money is fundamentally, unalterably social. The social part of money—the “shared” in “shared fiction”—is exactly what makes it money. Otherwise, it’s just a chunk of metal, or a piece of paper, or, in the case of most money today, just a number stored on a bank’s computers.”
― Money: The True Story of a Made-Up Thing
― Money: The True Story of a Made-Up Thing
“The essence of finance is time travel,” the banker-turned-writer Matt Levine wrote. “Saving is about moving resources from the present into the future; financing is about moving resources from the future back into the present.”
― Money: The True Story of a Made-Up Thing
― Money: The True Story of a Made-Up Thing
“The important question at the time—and, indeed, the question we should always be asking—is: How can we design a monetary system that channels that greed and selfishness and wile toward socially useful ends, and limits the potential harm inherent in finance?”
― Money: The True Story of a Made-Up Thing
― Money: The True Story of a Made-Up Thing
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