Part 2 - What Is Money and How To Think About It
Money For the Rest of Us
J. David Stein
4.5 • 1.4K Ratings
🗓️ 6 July 2022
⏱️ 40 minutes
🧾️ Download transcript
Summary
David and his son Camden conclude their conversation about money.
Topics covered include:
- A review of money principles discussed in Part 1
- How money is created
- How money is energy
- Why bank runs occur
- How cryptocurrency fails as money
- How money is debt backed by debt
For more information on this episode click here.
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Transcript
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| 0:00.0 | Welcome to Money for the Rest of Us. |
| 0:04.2 | This is a personal financial on money, how it works, how to invest it, and how to live |
| 0:09.2 | without worrying about it. |
| 0:11.0 | I'm your host, David Stein. |
| 0:12.7 | Today is episode 392, part 2. |
| 0:16.7 | What is money and how to think about it? |
| 0:20.2 | In today's episode, my son Camden and I continue our discussion on money. |
| 0:26.0 | Like money, private money, money is debt backed by debt, money is energy, and how to think |
| 0:32.1 | about money. |
| 0:33.1 | Let's go ahead and get started. |
| 0:35.2 | I hope you enjoy the episode. |
| 0:37.7 | This is David Stein, a money for the rest of us, and today I'm here with my son Camden, |
| 0:41.8 | and this is the second of two discussions we're having about money. |
| 0:46.7 | What is it? |
| 0:47.7 | How to conceptualize it? |
| 0:48.7 | Think about it. |
| 0:49.7 | How to use it? |
| 0:50.7 | Camden, what did we talk about last time? |
| 0:52.8 | I really enjoyed our conversation that we had last time. |
| 0:55.4 | I found it to be really interesting and enriching. |
| 0:58.8 | There's a lot to it that I've thought about over the years and had conversations with you |
| 1:02.6 | about, but in the last couple of months, especially my understanding of money has really changed. |
... |
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