John Maynard Keynes: Past Money

Posted by admin on Tuesday, July 31, 2012

John Maynard Keynes Money Quotation saying the past informs the future and cash flows toward the present from the past. John Maynard Keynes said:
 

 

“The importance of money flows from it being a link between the present and the future” — John Maynard Keynes

 

 

In this quote, John Maynard Keynes is explaining his view of why money is important. He states that money derives its significance from serving as a “link between the present and the future.”

By this, Keynes seems to mean that money allows people to exchange value they create or possess in the present for security, goods, services or opportunities in the future. Having money facilitates planning for the future and provides the ability to access resources down the road.

So in Keynes’ view, what gives money its worth and purpose is its function of connecting what people do and earn today with what they may need or want tomorrow. The quote characterizes money as a bridge between the present and future time periods in people’s lives.