Dana El-Kurd
👤 Speaker
2600
total appearances
Appearances Over Time
Podcast Appearances
Behind the Bastards
It Could Happen Here Weekly 225
Now, the thing is, so the $10 the guy you work with
Behind the Bastards
It Could Happen Here Weekly 225
like owes you, not liquid.
Behind the Bastards
It Could Happen Here Weekly 225
You don't have the money in your hands.
Behind the Bastards
It Could Happen Here Weekly 225
And if you want to get it from him, you have to like go ask him for the money.
Behind the Bastards
It Could Happen Here Weekly 225
And maybe he has 10 bucks and maybe he doesn't.
Behind the Bastards
It Could Happen Here Weekly 225
At which point you can't get your $10 back until he has the money.
Behind the Bastards
It Could Happen Here Weekly 225
But that, but that $10 that I'm theoretically owed is an asset that I have, not a debt.
Behind the Bastards
It Could Happen Here Weekly 225
Now loans, loans are not liquid assets.
Behind the Bastards
It Could Happen Here Weekly 225
And they're not liquid assets because you can't get the money back like immediately.
Behind the Bastards
It Could Happen Here Weekly 225
So I don't have $10 I can spend, but on paper, I do have 10 theoretical dollars.
Behind the Bastards
It Could Happen Here Weekly 225
And this is also like most of what billionaire money is.