“Instead of paying interest to those who have more money than they need and in order to keep money in circulation, people should pay a small fee if they keep the money out of circulation.”

— Margrit Kennedy

Source: Interest and Inflation Free Money (1995), Chapter Two, Creating an Interest and Inflation Free Money, p. 37 (See also: Wörgl Austria.)

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Margrit Kennedy 12

German architect 1939–2013

Margrit Kennedy (1939–2013) German architect

Source: Interest and Inflation Free Money (1995), Chapter One, Four Basic Misconceptions About Money, p. 17-18

“None are so fond of secrets as those who do not mean to keep them; such persons covet secrets as a spendthrift covets money, for the purpose of circulation.”

Charles Caleb Colton (1777–1832) British priest and writer

Vol. I; XL
Lacon (1820)

“The circulation of commodities is the original precondition of the circulation of money.”

Karl Marx (1818–1883) German philosopher, economist, sociologist, journalist and revolutionary socialist

Grundrisse (1857-1858)
Source: Notebook I, The Chapter on Money, p. 107.

“These numerous points at which money is withdrawn from circulation and accumulated in numerous individual hoards or potential money-capitals appears as so many obstacles to circulation, because they immobilise the money and deprive it of its capacity to circulate for a certain time.”

Karl Marx (1818–1883) German philosopher, economist, sociologist, journalist and revolutionary socialist

Vol. II, Ch. XXI, p. 497.
(Buch II) (1893)

“Money is itself a product of circulation.”

Karl Marx (1818–1883) German philosopher, economist, sociologist, journalist and revolutionary socialist

(1857/58)
Source: Notebook VI, The Chapter on Capital, p. 579.

“Any man who spends his income, whether large or small, benefits the community by putting money in circulation.”

Arthur Kekewich (1832–1907) British judge

In re Nottage (1895), L. R. 2 C. D. [1895], p. 653.

“Knowledge is like money: To be of value it must circulate, and in circulating it can increase in quantity and, hopefully, in value.”

Louis L'Amour (1908–1988) Novelist, short story writer

Source: Education of a Wandering Man

“Each piece of money is a mere coin, or means of circulation, only so long as it actually circulates.”

Karl Marx (1818–1883) German philosopher, economist, sociologist, journalist and revolutionary socialist

Vol. I, Ch. 3, Section 2(c), pg. 145.
(Buch I) (1867)

“I have made no distinction between the circulation of goods and of money, because there really is none.”

Jean-Baptiste Say (1767–1832) French economist and businessman

Source: A Treatise On Political Economy (Fourth Edition) (1832), Book I, On Production, Chapter XVI, p. 142

“Necessity, as well as patriotism and confidence, will make us all eager to receive treasury notes, if founded on specific taxes. Congress may borrow of the public, and without interest, all the money they may want, to the amount of a competent circulation, by merely issuing their own promissory notes, of proper denominations for the larger purposes of circulation, but not for the small. Leave that door open for the entrance of metallic money.”

Thomas Jefferson (1743–1826) 3rd President of the United States of America

Letter to Thomas Cooper, 1814. ME 14:189
Posthumous publications, On financial matters

“Instead of paying interest to those who have more money than they need and in order to keep money in circulation, people should pay a small fee if they keep the money out of circulation.”

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