Money is fundamentally mysterious: a $100 bill has no use value, isn't hygienic, wouldn't be used as wallpaper or toilet paper, yet commands value—understanding money requires understanding what gives abstract tokens real purchasing power.

factualpending

Speaker

Peter Thiel

Evidence Quote

money is always this super mysterious thing...hold up $100 bill...hypnotic...why does this have value...just a piece of paper...not hygienic...dirty...no use value...not use as wallpaper...toilet paper...more you think about it...more mysterious

Source

The Failure of Modern Technology | Peter ThielIntercollegiate Studies Institute
Created: 8/11/2026, 1:43:36 AM

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