Gertrude Stein: Change in Pockets
on Friday, September 24, 2010Gertrude Stein Money Quote saying that there is constant change to where money sits and where it ends up at different times – money moves. Gertrude Stein said:
“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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In this quote, Gertrude Stein is making an observation about how money circulates in the economy between different holders over time. The best interpretation is:
- Stein acknowledges that the total amount of money or overall wealth in the system remains constant, as money simply shifts from one pocket/holder to another through economic activity and transactions.
- However, the specific pockets or individuals/entities that possess the money are always changing – money moves from the pockets of some to the pockets of others as business is done.
- Her point is that while the money supply itself is fixed, its distribution and ownership amongst the population is fluid and changing hands continuously.
- The overall message is that according to Stein, the money stays within the economy but shifts possession, as she sees the redistribution of wealth between different pockets as the natural flow and function of a monetary system over periods of change.
Birthday: February 3, 1874 – Death: July 27, 1946