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Your money is no good here

Part of a collection of essays on TRUST by @futurepaul

The phrase “your money is no good here” has two opposite meanings, the second likely an ironic riff on the first:

  1. We dislike or mistrust you so strongly that we will not transact with you.
  2. We like or trust you so strongly that we will serve you for free.

I think this is a nice illustration of how trust and “social capital” can impact real money: it can make “good money” unspendable, and it can make “good money” spend further.

Posted Sep 5, 2022