Money is often viewed as powerful, but it is merely information and lacks inherent power. According to Elon Musk, the true economy lies in the production of goods and services, not in money itself. Money serves as a database for resource allocation and facilitates convenient exchange and time shifting of obligations. The quality of money as an information system affects its effectiveness. While some criticize billionaires, not all of them indulge in extravagant lifestyles, and earning wealth through personal effort is commendable. SpaceX, Tesla, Neurolink, and The Boring Company contribute to philanthropy by advancing sustainable energy, ensuring humanity's long-term survival, and displaying a love for humanity.
Vocabulary:
• Stranded
Unable to leave somewhere because of a problem such as not having any transport.
• Allocation
The process of giving someone their part of a total amount of something to use in a particular way.
• To Barter
To exchange goods for other things rather than for money.
• Flaw
A fault, mistake, or weakness, especially one that happens while something is being planned or made, or that causes something not to be perfect.
• To Rack Up
To gradually get more profits.