Money As Medium Quotes & Sayings

If two parties, instead of being a bank and an individual, were an individual and an individual, they could not inflate the circulating medium by a loan transaction, for the simple reason that the lender could not lend what he didn't have, as banks can do. Only commercial banks and trust companies can lend money that they manufacture by lending it. — Irving Fisher

Money is only important in a society when certain resources for survival must be rationed and the people accept money as an exchange medium for the scarce resources. Money is a social convention, an agreement if you will. It is neither a natural resource nor does it represent one. It is not necessary for survival unless we have been conditioned to accept it as such. — Jacque Fresco

The function of money is to facilitate the business of the market by acting as a common medium of exchange. — Ludwig Von Mises

Society established gold and silver as a circulating medium and as a legal tender in order that exchanges of commodities might be facilitated; but society blundered in so doing; for, by this very act, it gave to a certain class of men the power of saying what exchanges shall, and what exchanges shall not, be facilitated by means of this very circulating medium. The monopolizers of othe precious metals have an undue power over the community: they can say whether money shall, or shall not, be permitted to exercise its legitimate functions. — William Batchelder Greene

I probably don't make as much money as people think I make. I make more than the usual medium household. I'm one of the few middle class actors out there. The microcosm of Hollywood reflects the macrocosm of international finance. — James Ransone

MONEY
There are people who believe that money is God and there are others who believe that money is the devil. Both are in ignorance. Money is merely a medium of exchange. Do not compare this medium to God, dirt or devil. It is the greed or hatred of man that labels money as 'good' or 'bad'. — Sirshree

Money appears as measure (in Homer, e.g. oxen) earlier than as medium of exchange, because in barter each commodity is still its own medium of exchange. But it cannot be its own or its own standard of comparison. — Karl Marx

The objective exchange-value of money which rules in the market to-day is derived from yesterday's under the influence of the subjective valuations of the individuals frequenting the market, just as yesterday's in its turn was derived under the influence of subjective valuations from the objective exchange-value possessed by the money the day before yesterday. If in this way we continually go farther and farther back we must eventually arrive at a point where we no longer find any component in the objectIve exchange-value of money that arises from valuations based on the function of money as a common medium of exchange; where the value of money is nothing other than the value of an object that is useful in some other way than as money. — Ludwig Von Mises

Gold was not selected arbitrarily by governments to be the monetary standard. Gold had developed for many centuries on the free market as the best money; as the commodity providing the most stable and desirable monetary medium. — Murray Rothbard

Money is the general medium of exchange. It is the thing for which all other goods are traded, the means of final payment for such goods on the market. — Murray Rothbard

Other generations faced big challenges: the Industrial Revolution with its sweeping social and economic changes; abolishing slavery; defeating fascism; establishing civil rights for all. The generations now alive must solve the 'money problem'. We must reclaim money from the speculators and restore it to its role as a medium for trade that serves us all. — John Rogers

For more than two thousand years gold's natural qualities made it man's universal medium of exchange. In contrast to political money, gold is honest money that survived the ages and will live on long after the political fiats of today have gone the way of all paper. — Hans F. Sennholz

What is really being lent is not money, which is merely the medium of exchange, but capital. — Henry Hazlitt

Money is an invention of the marketplace of exchange,
brought into being by traders
who discovered that a reliable medium
could facilitate trades that were more difficult
or even impossible by barter alone. — Lawrence Reed

America does not know the difference between money and sex. It treats sex like money because it treats sex as a medium of exchange, and it treats money like sex because it expects its money to get pregnant and reproduce. — Peter Kreeft

Oftentimes she wondered what had happened to super 8. Sure, it made perfect sense that nobody wanted the hassle of spending money on a three-minute cartridge of film and threading it through a projector, but though digital cameras were convenient and cheap, Mandy didn't care. Super 8 had integrity, it wasn't just nostalgia, it was art, it was history, it was a little recording medium that somehow possessed the power to evoke lost memories, to turn back time, and there was something dazzling about waiting excitedly for a reel of film to come back in its yellow and red Kodak envelope, eating buttered popcorn while the projector paraded life's best moments, and capturing something beautiful in only three minutes. — Rebecca McNutt

Movies are a commercial medium. We don't make movies to impress our friends and critics. It's an expensive medium. We have to gain money from it. — Ranbir Kapoor

Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess — Irving Fisher

TV needs advertising for more than just the money. Advertising plays a significant role in creating a dynamic and vibrant medium and needs to be at the heart of the experience. — Nigel Walley

My take on the whole dot-com bubble was that a lot of people who wanted to make a lot of money got too excited and hyped up the commercial aspects of the Internet prematurely. I think the vision of the Internet as a democratizing medium.. as everyone's printing press.. is real. We got distracted from that by the mass hallucinations of the bubble. — Craig Newmark

I think of money only as a medium of exchange. In reality, money by itself has very little value. So as soon as I have money, I want to exchange it for something of real value. The irony is that many people who cling desperately to money spend that money on things of very little value - and that is why they are poor. — Robert T. Kiyosaki

Most people believe, mistakenly, that wealth in a human society has something to do with money, but that's not true. Money is simply a medium of exchange. Prosperity in a human society is the accumulation of solutions to human problems that we create for ourselves. — Nick Hanauer

This circulating medium has a natural tendency to lessen by degrees the value and the use of money, and finally to render it powerless; and consequently to sweep away all the crushing masses of fraud, iniquity, cruelty, corruption and imposition that are built upon it. — Josiah Warren

There is a problem with writers. If what a writer wrote was published and sold many, many copies, the writer thought he was great. If what a writer wrote was published and sold a medium number of copies, the writer thought he was great. If what a writer wrote was published and sold very few copies, the writer thought he was great. If what the writer wrote never was published and he didn't have the money to publish it himself, then he thought he was truly great. The truth, howevet, was that there was very little greatness. It was almost nonexistent, invisible. But you could be sure that the worst writers had the most confidence, the least self-doubt. Anyway, writers were to be avoided, — Anonymous

The international monetary order is more precarious by far today than it was in 1929. Then, gold was international money, incorruptible, unmanageable, and unchangeable. Today, the U.S. dollar serves as the international medium of exchange, managed by Washington politicians and Federal Reserve officials, manipulated from day to day, and serving political goals and ambitions. This difference alone sounds the alarm to all perceptive observers. — Hans F. Sennholz

Imagine you're alive at the end of the Civil War. You're living in the South, but you're a Northerner. You plan to move home as soon as the war's over. While in the South you've accumulated lots of Confederate currency. Now, suppose you know for a fact the North's going to win the war, and the end is imminent. What will you do with your Confederate money? If you're smart, there's only one answer. You should immediately cash in your Confederate currency for U. S. currency - the only money that will have value once the war's over. Keep only enough Confederate currency to meet your short-term needs. Kingdom currency, backed by the eternal treasury, is the only medium of exchange recognized by the Son of God, whose government will last forever. The currency of his kingdom is our present faithful service and sacrificial use of our resources for him. The payoff in eternity will be what Paul called 'a firm foundation' consisting of treasures beyond our wildest dreams. — Randy Alcorn

Modern money is not necessarily a physical item or something with intrinsic value but is merely a medium of exchange and a record of account. — Cullen Roche

The Fur Company may be called the exterminating medium of these wild and almost uninhabitable regions, which cupidity or the love of money alone would induce man to venture into. Where can I now go and find nature undisturbed? — John James Audubon

Etatism by no means aims at the formal transformation of all ownership of the means of production into State ownership by a complete overthrow of the established legal system. Only the biggest industrial, mining, and transport enterprises are to be nationalized; in agriculture, and in medium- and small-scale industry, private property is nominally to continue. Nevertheless, all enterprises are to become State undertakings in fact. Owners are to be left the title and dignity of ownership, it is true, and to be given a right to the receipt of a 'reasonable' income, 'in accordance with their position'; but, in fact, every business is to be changed into a government office and every livelihood into an official profession. — Ludwig Von Mises

The money is in television. Books are not the dominant medium of our time, so fewer people will create them. In a sad way, books have become a form of "comfort food" we expect to lull us to sleep. — Chuck Palahniuk

Simply by not owning three medium-sized castles in Tuscany I have saved enough money in the last forty years on insurance premiums alone to buy a medium-sized castle in Tuscany. — Ludwig Mies Van Der Rohe

I come from food the way some people come from money. Food was the medium I grew up in, what we talked about, what shaped our days. — Elizabeth McCracken

Determinants of prices have their effect only through the medium of the subjective estimates of individuals; and the extent to which any given factor influences these subjective estimates can never be predicted. — Ludwig Von Mises

Money is the medium of exchange, and it's how you make things happen. To say you hate it is some farfetched, idealistic crap. — Bobby Seale

Hollywood was all about. Hollywood was merely a specialized bank - a consortium of large financial entities that hired talent, almost always for a flat rate, ordered that talent to create a product, and then marketed that product to death, all over the world, in every conceivable medium. The goal was to find products that would keep on making money forever, long after the talent had been paid off and sent packing. — Neal Stephenson

No one borrows money for the sake of the money itself; money is only the medium by which to obtain possession of products. — Frederic Bastiat

Pick something you are interested in, and keep applying a business model that includes Internet Marketing to make it global, get thousands of leads and clients for free and make more sales. Remember you are building a business, as people make the internet appear to be push-button money, when in fact it is a medium to market your message! — Tracy Repchuk

Vietminh aggression." In the following months, Eisenhower began sending money and munitions to the French. In January of 1954, Eisenhower sent twenty five B-26 medium bombers to the French base at Dien Ben Phu along with spare parts and 200 mechanics to support them. By the end of March 1954, French forces continued to suffer huge losses at Dien Ben Phu and their Northern outposts. In spite of the influx of US military aid, they lost all their airfields and they had to parachute reinforcements and new supplies. The Vietminh continued major victories as they encircled Dien Ben Phu and its outlying outposts. The war was going very — Sean Mikell

I have heard your orators speak on many questions. One among them the so-called vital question of money which is above all things the most coveted commodity but I, as a Jainist, in the name of my countrymen and of my country, would offer you as the medium of the most perfect exchange between us, henceforth and forever, the indestructible, the unchangeable, the universal currency of good will and peace, and this, my brothers and sisters, is a currency that is not interchangeable with silver and gold, it is a currency of the heart, of the good life, of the highest estate on the earth. — Virchand Gandhi

The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Government's greatest creative opportunity. By the adoption of these principles, the long-felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts and exchanges. The financing of all public enterprises, the maintenance of stable government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own government. Money will cease to be the master and become the servant of humanity. Democracy will rise superior to the money power. — Abraham Lincoln

Money, first and foremost, is a medium of communication, conveying the information we call 'price'. Government control of the money supply is censorship, a violation of the First Amendment. Inflation is a lie. — L. Neil Smith

You don't have to look poor, you don't have to look down; For money is a
medium of exchange, and that's all; but it is not a mind regulator unless you
allow it to be. — Charleszetta Waddles

The market insures that any quantity of money is capable of performing all the work required of a medium of exchange by adjusting its purchasing power to the underlying conditions of supply and demand. — Joseph Salerno

Then as now the PC held a curious power over restless, analytical people. To start with, the computer carried a psychological appeal not unlike that of an automobile. Both machines were objects of intense attachment for many of their owners - feelings of attachment that went well beyond the utility of the machines. While illustrating the way in which people can form emotional bonds with tools, the symbolisms of the automobile and the PC differed in an important way. The realm of the automobile extended no further than that of fantasy and enjoyment. The PC, by contrast, was a medium for creation. The utility of a PC arose directly from its software. Writing software required little money and, surprisingly, scant experience. — G. Pascal Zachary

From the Anarchist standpoint, these artificial hindrances which are the cause of three main forms of usury-interest, profit, and rent, are, in the order of their importance, monopoly in the control of the circulating medium-money and credit, private property in land not based on occupancy and use, patent rights and copyrights, and tariffs. — Laurance Labadie

All those who, since Adam Smith, have turned their attention to Political Economy, agree that in reality we do not buy articles of consumption with money, the circulating medium with which we pay for them. We must in the first instance have bought this money itself by the sale of our produce. — Jean-Baptiste Say