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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

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What Jennifer Burns actually said

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  1. 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 19 Jan 2025 · How quotes work · Something wrong? Tell us

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Our reading — they may agree, disagree or merely touch the same thing. Closest first: a shared subject counts for most, then how near the wording is.

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