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Money works only because everyone believes in it, which makes a currency a measure of social trust that fails when the trust does.
Drawn from what Jennifer Burns said
What Jennifer Burns actually said
- Jennifer Burns Historian of ideas at Stanford University and the Hoover Institution
And to go back to thinking about money, money works because we all believe in it. It's a form of social trust, and it's a form of belief and faith in our society and in the other people in it. And when that breaks down, the money system will break down as well.
Added to korrents 7 Sept 2026 · How quotes work · Something wrong? Tell us
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