“Money is indispensable to a long-circuit heavy load energy system. It must be used when a sufficient surplus is being produced to allow a margin for exchange, and cost of transport, over a considerable distance. Money represents a storage battery when idle, and a generalized mode of the conversion of energy when it is in motion, with a function of equating time and space.”

— Isabel Paterson

Source: The God of the Machine (1943), p. 32

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Isabel Paterson 17

author and editor 1886–1961

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