Elon Musk Says People Get 'Confused' Thinking An Economy Is Money — If You're Shipwrecked With $1 Trillion In Swiss Bank, Better To ‘Have A Can Of Soup'

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A trillion dollars sounds pretty useful — until the shipwreck hits. Then suddenly, the bank balance isn't looking nearly as appetizing as a can of soup. Tesla and SpaceX CEO Elon Musk made the point in an interview for the WELT Documentary channel in 2022. "People get confused sometimes," Musk told Axel Springer CEO Mathias Döpfner. "They think an economy is money, but money is a database for the exchange of goods and services and for time-shifting the exchange of goods and services," he continued. "Money is a database. Money does not have power in and of itself." Don't Miss: There's More Than One Way To Put Cash To Work.