Gertrude Stein: Money Changing Pockets

Posted by admin on Tuesday, August 10, 2010

Gertrude Stein Money Quote has little to say about money except that it changes where it sits, first one pocket then another and that is all.
 
The money is always there, but the pockets change: it is not in the same pockets after a change; and that is all there is to say about money Quote
 

“The money is always there, but the pockets change: it is not in the same pockets after a change; and that is all there is to say about money” — Gertrude Stein

 

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The best interpretation of this Gertrude Stein quote is:

  • Stein acknowledges that the total amount of money or overall wealth in the economic system remains constant, as money simply circulates between different holders through transactions.
  • However, the specific individuals and entities that hold the money are always changing – money flows out of the pockets/accounts of some and into the pockets/accounts of others as business activity occurs.
  • Her point is that while the money supply itself is fixed, its distribution amongst the population is fluid and changing hands continuously as economic activity takes place.
  • The overall message is that according to Stein, the money stays within the economy but shifts possession between different “pockets” or parties, as she sees the redistribution of wealth between various holders as the natural function of a monetary system with continuous economic activity and change.

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