Louis O. Kelso Quotes

Money Is Not A Part Of The Visible Sector Of The Economy; People Do Not Consume Money. Money Is Not A Physical Factor Of Production, But Rather A Yardstick For Measuring Economic Input, Economic Outtake And The Relative Values Of The Real Goods And Services Of The Economic World. Money Provides A Method Of Measuring Obligations, Rights, Powers And Privileges. It Provides A Means Whereby Certain Individuals Can Accumulate Claims Against Others, Or Against The Economy As A Whole, Or Against Many Economies.

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