Inventing Society with Yuval Noah Harari
StarTalk Radio
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The Value of Money Doesn't Come From the Paper
The value of money, it doesn't come from the paper. Most money in the world today is not even paper. It's just electronic data moving between computers. And so where is the value from? It's from stories we believe. You tell a story about something and if enough people believe it, it works. As long as everybody believes in the story, it work. This is fiction. I mean, you're saying we're at risk of the belief system collapsing,. Are we really ever at risk of that? And isn't money just in a more convenient form of barter?
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