"I would put money as way up there with the wheel and fire in terms of what it has done for human civilization…
Without money, we don’t scale as a civilization. We are in tribes of three or 400 people max. Now we are in an interconnected global economy of eight billion people. Why? The short answer: money. So it’s a big deal.
The fact that I can coordinate with someone—in fact, with literally thousands of people from around the world who I’ll never meet and I’ve got no idea if I can trust them—doesn’t matter. If I trust the money, we can interact and we can coordinate. In fact, we can do it in such a way that our revealed preferences will make sure that the allocation of resources is done in the most hyper-efficient way possible. It’s an absolute mindblow of a concept."
Andrew Page / Ep.31 / 43:26
