Why we have to focus on fixing the intangible economy

The conventional wisdom that the tangible trumps the intangible these days is wrong. After the devastation of the COVID-19 pandemic and the brutalities of the Ukrainian war, it's becoming increasingly apparent that the economy doesn't revolve around digital currency. However, the events of the past two years have also proven that the intangible economy is more critical than ever. Tim Harford examines these events to break down how our mishandling of the intangible economy goes a long way toward explaining the mounting disappointments of the modern world.