“Money does not only help the exchange of goods and services but can also hinder the exchange of goods and services by being kept in the hands of those who have more than they need. Thus it creates a private toll gate where those who have less than they need pay a fee to those who more money than they need.”

— Margrit Kennedy

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

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Money does not only help the exchange of goods and services but can also hinder the exchange of goods and services by b…" by Margrit Kennedy?

Margrit Kennedy 12

German architect 1939–2013

Margrit Kennedy (1939–2013) German architect

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

“When tariffs are eliminated, consumers pay less for foreign goods. They therefore have more money to spend on other things. Their spending creates more new jobs than those that are lost.”

Mary Ruwart (1949) American scientist and libertarian activist

Source: Short Answers to the Tough Questions: How to Answer the Questions Libertarians Are Often Asked, (2012), p. 183

“It will be discovered that a system of exchange between peoples of goods and services will, when intelligently developed, gradually cancel out the need for buying and selling with money.”

Vera Stanley Alder (1898–1984) British artist

Source: Humanity Comes of Age, A study of Individual and World Fulfillment (1950), Chapter VII The Council for Economics

“There is grim irony in speaking of the freedom of contract of those who, because of their economic necessities, give their service for less than is needful to keep body and soul together.”

Harlan F. Stone (1872–1946) United States federal judge

Morehead v. N.Y. ex rel. Tipaldo, 298 U.S. 587, 632 (1936).

“Money as a medium of exchange becomes important when workers are paid in medium of exchange rather than in wage goods directly. Since wage goods constitute the majority of goods produced (particularly in the early stages of development), it is tempting (but misleading) to focus on exchanges and on money as a medium of exchange [like the neo-classicals]. Once capitalist production dominates the economy, money becomes universally important: money operates as a medium of exchange and money hoards provide a measure of security. However, production involves goods and services now in exchange for a promise to pay in the future. That is, money is involved in the production process because production is time-based and involves debt commitments. If one only focuses on the use of money in exchange or as a store of value, one ignores how money creation is inextricably related to time-based production in private property economies.”

L. Randall Wray (1953) American economist

Source: Money and Credit in Capitalist Economies, 1990, p. 10; Cited in Howard Stein. "Theories of institutions and economic reform in Africa." World Development 22.12 (1994): 1833-1849.

“Those who have easy, cheerful attitudes tend to be happier than those with less pleasant temperaments, regardless of money, "making it", or success.”

Joyce Brothers (1927–2013) Joyce Brothers

As quoted in Wisdom for the Soul: Five Millennia of Prescriptions for Spiritual Healing (2006) by Larry Chang, p. 71

“But God makes no mistakes; according to their service He divides the help, and those who are called to the holiest service are those who can have least assistance.”

James Hudson Taylor (1832–1905) Missionary in China

(J. Hudson Taylor. Separation and Service: Or Thoughts on Numbers VI, VII. London: Morgan & Scott, n.d., 105).

“Money does not arise by convention, any more than the state does. It arises out of exchange, and arises naturally out of exchange; it is a product of the same.”

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

Grundrisse (1857-1858)
Source: Notebook I, The Chapter on Money, p. 85.

“Those who drown out the good singing –
there's many more of them
than those who want to hear it.”

Walther von der Vogelweide (1170–1230) Middle High German lyric poet

Die daz rehte singen stoerent,
der ist ungelîche mêre
danne die ez gerne hoerent.
"Owê, hovelîchez singen", line 17; translation from Frederick Goldin German and Italian Lyrics of the Middle Ages (New York: Anchor, 1973) p. 127.

“Some argue that our success is short-lived and temporary. So, we now need to make efforts to constantly expand the player base by offering services and titles that can appeal, not only to those who have never played games, but also to those who play them hard.”

Satoru Iwata (1959–2015) Japanese video game programmer and businessman

Japan's Nintendo wins exclusive deal for Capcom's Monster Hunter 3 title http://www.sharewatch.com/story.php?storynumber=49593

Help us to complete the source, original and additional information

Margrit Kennedy 12

Related quotes

Related topics