David Hume: Commerce Exchange

Money 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

Robert A. Heinlein: Commercial Financing Commodity

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, 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

Henry David Thoreau: Price = Life Spent

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

In this quote, Rolf Nelson is discussing how wages work as a form of payment for labor or a person’s time. He is saying that when someone is paid wages, they are essentially trading or exchanging a portion of their lifetime or time spent working in exchange for money (their wages).

The “price tag” he refers to is the dollar amount of the wages. This price tag or dollar figure is simply a measurement or quantification of how much of the person’s lifetime or time they are trading in exchange for that amount of money.

So in essence, the quote is saying that wages represent the trading of a person’s time spent working for monetary compensation, and the wages amount itself just represents how much of their time is being purchased.

Henry David Thoreau Quote Mug: Price of Life Two-Tone Coffee Mug by itsamoneything

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

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

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

 
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<a href="https://itsamoneything.com/money/f-j-smolka-two-one-idea-exchange/"><img loading="lazy" decoding="async" class="featured_image_embed" src="https://itsamoneything.com/money/wp-content/uploads/FJ-Smolka-Have-Dollar-Exchange-Idea-Both-Two-Ideas.jpg" alt="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 Quote" width="630" height="330"/><br>F. J. Smolka </a><a class="glossaryLink cmtt_finance" aria-describedby="tt" data-cmtooltip="<div class=glossaryItemTitle>money</div><div class=glossaryItemBody><img width='400' height='226' src='https://itsamoneything.com/money/wp-content/uploads//Money-Glossary.jpg' class='cmtt-tooltip-featured-image wp-post-image' alt='' style='width: 100%; margin-top: 2%;' sizes='(max-width: 9999px) 100%,auto' srcset='https://itsamoneything.com/money/wp-content/uploads/Money-Glossary.jpg 800w, https://itsamoneything.com/money/wp-content/uploads/Money-Glossary-300x170.jpg 300w, https://itsamoneything.com/money/wp-content/uploads/Money-Glossary-768x434.jpg 768w' data-attachment-id='20554' data-permalink='https://itsamoneything.com/money/finance-terms/money/attachment/20554/' data-orig-file='https://itsamoneything.com/money/wp-content/uploads//Money-Glossary.jpg' data-orig-size='800,452' data-comments-opened='1' data-image-meta='{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}' data-image-title='Money Defined' data-image-description='' data-image-caption='' data-medium-file='https://itsamoneything.com/money/wp-content/uploads//Money-Glossary-300x170.jpg' data-large-file='https://itsamoneything.com/money/wp-content/uploads//Money-Glossary.jpg' />1 : something generally accepted as a medium of exchange, a measure of value, or a means of payment: such as a : officially coined or stamped metal currency • newly minted money b : paper money • handed the bank teller a wad of money 2 a : wealth reckoned in terms of money • made her money in the insurance business b : an amount of money c : moneys or monies plural : sums of money : funds the collection of tax monies 3 : a form or denomination of coin or paper money • wanted his money in $10 bills 4 a : persons or interests possessing or controlling great wealth • politicians at the beck and call of money b : a position of wealth • born into money</div>" href="https://itsamoneything.com/money/finance-terms/money/" data-mobile-support="0" data-gt-translate-attributes='[{"attribute":"data-cmtooltip", "format":"html"}]'>Money</a> Quote
 
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David Wolman: Dumping Physical Currency

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

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