The inability of a bank in a 100% reserve system to lend multiples of the value of my gold places a natural and desirable limit on the demands for goods and services beyond those matching my deferred consumption.
And that is exactly why, even though its original value proposition is largely gone, cloud computing is still much more desirable than building an in-house IT apparatus.
But maybe the 43-year-old Harvard graduate, who picks her words exceptionally carefully and has perfected the highly desirable political skill of talking without saying anything, should be taken at face value.
Unfortunately, humans tend to unconsciously use hyperbolic discounting the tendency to inappropriately value future events or outcomes and must often be coaxed towards desirable behavior.