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#642 - Bill Perkins - Why You Should Spend All Of Your Money Before You Die
Modern Wisdom
The Hedonic Value of Money
"I think one of the best arguments I've heard is that people have this kind of hedonic value, ego value associated with the number that they don't lose a tashmo with," says David Frum. "The abstraction of money takes you away from what it was for, right? So it's first like instant, like the money goes in and turns into a beer." He adds: "You never really attach this abstraction towhat it was for to fulfill you"
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