Anyone who has been around longer than the Internet knows the Beatles lyric, “I don’t care too much for money, money can’t buy me love.” Many Boomers belted out this song and then went on to pursue careers that chased money. Even hippies of note trod the money trail eventually. Each successive generation of college students dreams of reinventing the economy but seldom does, perhaps because college debt locks them in the system. I am not going to go on a tangent about whether we now might do this with circular economies, blockchain, and crypto: I want to take us in a different direction by saying the Beatles were wrong: money can buy love.
It is the end of March 2022 as I write this. The blunt and brutal Russian invasion of the Ukraine persists. People are huddled in basements and bunkers. The underground train stations buried deep under Kyiv—I was in them 30 years ago—are packed with safety-seekers. I know quite a few groups who are successfully...
I lived in Silicon Valley for over 30 years and often heard the phrase “smart money” which meant funding that came from investors who added value beyond just capital. Smart money brings know-how, industry experience and networks that are often more valuable than just cash.
Scripture alludes to “stupid money” in Psalm 40 which ends with this phrase:
“Rich people with no understanding are just like animals that die.”
Living a life without purpose is terrible; dying rich and leaving this life without having figured out the meaning of money is… well, no different than living and exiting the planet like an animal.
Stupid money has not found its purpose. Stupid money meets the needs of this life but does nothing for the rest of one’s life in eternity. Stupid money focuses on consumption, not multiplication through others.
If smart money has discovered its purpose, what are some of the broad purposes of money? The usual answers include...