Posts Tagged ‘commerce’
David Hume: Commerce Exchange
on Wednesday, February 23, 2022Money is not one of the subjects of commerce; but only the instrument which exchange of one commodity for another. David Hume said:
“Money is not, properly speaking, one of the subjects of commerce; but only the instrument which men have agreed upon to facilitate the exchange of one commodity for another” — David Hume
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Bill Nye: Bitcoin Commerce
on Wednesday, November 27, 2019Bill Nye Money Quote saying electronic payments are inevitable for most forms of commerce, it might be bitcoin or not. Bill Nye said:
“If it’s not bitcoin, it’ll be something. The future of commerce is going to be all electronic. The gold standard was a fine idea, but electronic changes of funds and credits will be the future” — Bill Nye
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Bill Nye is discussing the future of commerce and payments. He is saying that while bitcoin may not end up being the dominant form of electronic currency, some form of electronic or digital payment will likely take over most commerce transactions in the future.
He notes that the gold standard worked in the past but that going forward, commerce will shift to using electronic transfers of funds and credits between parties rather than physical currencies or assets like gold. So in summary, Nye believes the future of how we pay for goods and services will be through digital and electronic means, whether that ends up being bitcoin or some other cryptocurrency or payment technology.
Mary Wollstonecraft: Tyranny of Wealth
on Sunday, September 17, 2017Mary Wollstonecraft Money Quote saying when you replace abusive economic systems with shiny new egalitarian approaches have risks for those owning wealth to control finance. Mary Wollstonecraft said:
“England and America owe their liberty to commerce, which created a new species of power to undermine the feudal system. But let them beware of the consequences: the tyranny of wealth is still more galling and debasing than that of rank” — Mary Wollstonecraft
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Thomas Jefferson: Civilized Commerce
on Friday, December 5, 2014Thomas Jefferson Money Quotation saying we transact and trade with finance and not with superior morals. Thomas Jefferson said:
 
“Money, not morality, is the principle commerce of civilized nations” — Thomas Jefferson
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George Washington: Cash Ruins Commerce
on Tuesday, August 19, 2014George Washington Money Quotation saying his concerns over effects of paper money ruining business via fraud. George Washington said:
“Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice” — George Washington
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Daniel Webster on Credit Value
on Friday, March 15, 2013Daniel Webster Money Quotation saying access to capital through credit markets has extended value of workers, equipment and trade. Daniel Webster said:
“Credit has done a thousand times more to enrich mankind than all the gold mines in the world. It has exalted labor, stimulated manufacture and pushed commerce over every sea” — Daniel Webster
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Thomas Jefferson on Gain of Commerce
on Friday, March 8, 2013Thomas Jefferson Money Quotation saying there are no higher goals or purpose for business beyond financial growth and suggests it add goals for humanity. Thomas Jefferson said:
“The selfish spirit of commerce knows no country, and feels no passion or principle but that of gain” — Thomas Jefferson
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James A. Garfield: Control of Commerce
on Monday, November 29, 2010U.S. President James A. Garfield Money Quote saying those who control significant portions of the money in an economy, also control production and demand. Garfield said:
“Whoever controls the volume of money in any country is absolute master of all industry and commerce” — James A. Garfield
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