3min chapter

The "What is Money?" Show cover image

Paradoxes and Theories of Everything with Curt Jaimungal (WiM228)

The "What is Money?" Show

CHAPTER

How Price Influences Perception

Price is an exchange ratio. So instead of saying this house cost 11 cars, right? Because everything trades at some ratio of everything else. You say house is $440,000 is equal to 11 of these $40,000 cars. Money is like an economic language of numeracy in a way. And it that's probably how cognition works in some way. I would imagine the individual cognitive network works some in some way similar to that.

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