On a biological level, the brain registers money as something valuable - even a dollar bill which has no intrinsic value, it's just paper.
Kabir SehgalI don't think money can be understood through a lens limited to economics. And most books about money tell you the history of money, the instrument. But money is also an idea, one that we exchange to survive.
Kabir SehgalResearchers have found that identical twins who have been separated for long periods of time actually invest in a similar manner. Biology really does affect how we spend money.
Kabir SehgalMoney is becoming increasingly plastic and digital. If there is a major disaster, let's say an asteroid strike, we'll go back to trading meats and furs. We won't need an abstraction, a dollar bill, but real tangible goods to survive.
Kabir Sehgal