Bertrand Russell: Get Good, Spend Bad
on Wednesday, July 26, 2017Bertrand Russell Money Quote saying it should be obvious that both parts have a role in income and spending (outcome). Bertrand Russell said:
“It is held that getting money is good and spending money is bad. Seeing that they are two sides of one transaction, this is absurd; one might as well maintain that keys are good, but keyholes are bad” — Bertrand Russell
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This quote from Bertrand Russell suggests that the common view of earning money as virtuous but spending it as wasteful is illogical and inconsistent. He points out that acquiring money and then using it to purchase something are two sides of the same financial exchange. Just as keys have no purpose without keyholes, earning wealth is meaningless without eventually spending it.
The quote implies that condemning spending while praising saving fails to recognize they are interdependent economic activities. Russell seems to be arguing that as long as spending is responsible and supports one’s needs and livelihood, it should not be seen as inherently bad or inferior to accumulating savings.
The overall message is that a balanced perspective is needed regarding earning versus using monetary resources.