Elon Musk: Money Is Just a Tool—Real Value Comes From Goods and Services

Elon Musk: Money is worthless in and of itself.

“People get confused. Sometimes, they think an economy is money. But money is just a database for the exchange of goods and services and for time-shifting the exchange of goods and services. Money doesn't have power in and of itself.

You can run a thought experiment where you're trapped on a remote island, shipwrecked on an island, and you've got a trillion dollars in a Swiss bank account. It's worthless.

You'd rather have a can of soup. You can have all the Bitcoin in the world, you're still going to starve. The actual economy is goods and services.”

Welt, April 15, 2022