How Is Programmable Money Different from Ethereum's Smart Contracts?

Hello, r/ethereum community!

I'm trying to get a deeper understanding of the concept of programmable money and how it relates to Ethereum's smart contracts.

We all know that Ethereum provides the ability to create smart contracts. These contracts can execute predefined actions based on specific conditions. For example, a smart contract might release funds only if a certain task is completed.

On the other hand, we have this idea of programmable money. As I understand it, programmable money allows us to apply conditions to how money can be spent or transferred.

Here's where I'm confused:

1. How is programmable money different from the conditional logic we can apply in Ethereum's smart contracts?
2. Are there functionalities or applications where one is clearly preferable over the other?
3. Do programmable money and Ethereum's smart contracts intersect at some point, or are they completely distinct concepts?

I would greatly appreciate insights from both beginners and experts in this field. Your perspectives will help me and possibly others to understand these technologies more clearly.

Thank you all in advance for your contributions to this discussion!