The "What is Money?" Show

WiM048 - The Vervaeke Series | Episode 3 | Money as a (Psycho)technology

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Sep 18, 2021
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INSIGHT

Fiat Money Addiction Cycle

  • Fiat currency behaves like an addiction with diminishing returns from continuous money printing.
  • It starts with stimulus but leads to uncontrollable inflation and economic damage over time.
INSIGHT

Money as Psychotechnology

  • Money acts as a psychotechnology that extends cognition by structuring trust and exchange.
  • It links individual and distributed cognition, empowering civilization's complexity.
INSIGHT

Literacy as Cognitive Technology

  • Literacy is a key psychotechnology that enhances cognition by enabling symbol-based communication.
  • It transforms self-awareness and collective knowledge across time and space.
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