Posts Tagged ‘exchange’

Robert A. Heinlein: Commercial Financing Commodity

Posted by admin on Tuesday, December 5, 2017

Robert A. Heinlein Money Quote saying banks could finance commercial loans by charging reasonable fees, but instead commoditize cash based on scarcity. Robert A. Heinlein said:
Commercial financing could be done for a service charge plus an insurance fee amounting to much less that the rates of interest charged by banks Quote

“Commercial financing could be done for a service charge plus an insurance fee amounting to much less that the rates of interest charged by banks, whose rates were based on supply and demand, treating money as a commodity rather than as a sovereign state’s means of exchange” — Robert A. Heinlein

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Henry David Thoreau: Price = Life Spent

Posted by admin on Saturday, November 21, 2015

Henry David Thoreau Money Quotation saying we must measure how much of our lives is devoted to paying for our possessions. Henry David Thoreau said:

The cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run
— Henry David Thoreau

J.S.G. Boggs: Art & Medium of Exchange

Posted by admin on Tuesday, June 9, 2015

J.S.G. Boggs Money Quotation saying currency is art, as well as a representation of value which is universally accepted as a medium of exchange. J.S.G. Boggs said:

One of the reasons money fascinates me as an image is that money is so many different things all at the same time. It’s a work of art, it’s a medium of exchange, it’s a representation. In short, it’s a representational work of art that represents many different things
— J.S.G. Boggs

F. J. Smolka: Two for One Idea

Posted by admin on Monday, March 2, 2015

F. J. Smolka Money Quotation saying ideas can be more valuable than dollars and also increase in value when combined with other ideas. F. J. Smolka said:

If I have a dollar and you have a dollar and we exchange we will be even, but if I have an idea and you have an idea and we exchange you will have two ideas and I will have two ideas
— F. J. Smolka

David Wolman: Dumping Physical Currency

Posted by admin on Tuesday, September 11, 2012

David Wolman Money Quote saying we’ve watched a half dozen industries move from physical to data and money is moving toward epayments. David Wolman said:

Physical currency is a bulky, germ-smeared, carbon-intensive, expensive medium of exchange. Let’s dump it
— David Wolman

Ayn Rand: Producing Goods

Posted by admin on Monday, June 13, 2011

Ayn Rand Money Quotation saying cash represents energy and effort expended to produce value by those committed to that end, to being useful. Ayn Rand said:

Money is a tool of exchange, which can’t exist unless there are goods produced and men able to produce them
— Ayn Rand

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