Coined Quotes

“In Star Wars, there was monetary confusion and competition. Despite being backed by metals, credits were refused by planets during periods of uncertainty, such as the Clone Wars. The credit was later known as the “Imperial Credit” and was used by Luke Skywalker to pay Han Solo for transport to the planet Alderaan. Yet smugglers avoided using state-sanctioned money and opted for precious metals like platinum. Those in the Ferengi Alliance traded gold-pressed latinum, a material that could not”
― Kabir Sehgal, Coined: The Rich Life of Money and How Its History Has Shaped Us

“My investigation into financial crises provoked me to ask a more sweeping question: What is it about money that we can’t master? There’s something about it that makes us act in bizarre and irrational ways.”
― Kabir Sehgal, Coined: The Rich Life of Money and How Its History Has Shaped Us

“A long time ago, in a galaxy far, far away. In Star Wars, a currency known as the “Galactic Credit Standard” or “credit” functioned as money.88 According to Wookieepedia, a website devoted to all things Star Wars, credit was created on Sojourn, a moon on which the InterGalactic Business Clan (IGBC) vacationed.”
― Kabir Sehgal, Coined: The Rich Life of Money and How Its History Has Shaped Us

“Gold isn’t the only rare metal. Yet there is an obsession for it. Warren Buffett thinks gold lust is bizarre. He juxtaposes my journeys to the African mine and the New York Fed’s vault when he says, “Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”95”
― Kabir Sehgal, Coined: The Rich Life of Money and How Its History Has Shaped Us