Quotes About Currency

Many hold that by floating the dollar, Nixon converted the U.S. currency into pure "fiat money"—mere pieces of paper, intrinsically worthless, that were treated as money only because the United States government insisted that they should be.

the value of a unit of currency is not the measure of the value of an object, but the measure of one's trust in other human beings.

Money was no more ever "invented" than music or mathematics or jewelry. What we call "money" isn't a "thing" at all; it's a way of comparing things mathematically, as proportions: of saying one of X is equivalent to six of Y. As such it is probably as old as human thought.

What we call "money" isn't a "thing" at all; it's a way of comparing things mathematically, as proportions: of saying one of X is equivalent to six of Y.

They quickly started passing from hand to hand and operated something like currency. The government first tried to forbid their use, then a year or two later—and this became a familiar pattern in China—when it realized that it could not suppress them, switched gears and established a bureau empowered to issue such notes themselves.

If one does not believe in the king, then the money vanishes with him.

Credit Theorists insisted that money is not a commodity but an accounting tool. In other words, it is not a "thing" at all. For a Credit Theorist can no more touch a dollar or a deutschmark than you can touch an hour or a cubic centimeter. Units of currency are merely abstract units of measurement, and as the credit theorists correctly noted, historically, such abstract systems of accounting emerged long before the use of any particular token of exchange.

Paper money was debt money, and debt money was war money, and this has always remained the case.

If money is a just a yardstick, what then does it measure? The answer was simple: debt.

it's quite possible to turn honor into money, almost impossible to convert money into honor.76

money has no essence. It's not "really" anything; therefore, its nature has always been and presumably always will be a matter of political conten­tion.

The difficulty," he says, "lies not in comprehending that money is a commodity, but in discovering how, why and by what means a commodity becomes money" (186): What appears to happen is not that a particular commodity becomes money because all other commodities universally express their values in it, but, on the contrary, that all other commodities universally express their values in a particular commodity because it is money. (187, emphasis added)

Isaac Newton was being called on to defend to quality of moneys as master of the Royal Mint. He had to face the problem of the debasement of the currency through the practice of shaving some of the silver off silver coins to make more coins (an easy way to make money, when you think about it). Convicted coin-clippers were publicly hung at Tyburn—offences against God were to be forgiven, but offences against capital and mammon deserved capital punishment!

Fear is a perception – False Emotion Appearing Real – and fear is the currency of control.

The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.

God was left out of the Constitution, but was furnished a front seat in this nations currency. ("In God we Trust") is a lie, this nations trust has always been with the dollar.

The economists all think that if you show up at the cashier's cage with enough currency, God will put more oil in ground.

Let us serve the world soulfully. The pay we will receive for our service will be in the currency of gratitude, God's gratitude, God the only gratitude.

Salvation cannot be bought with the currency of obedience; it is purchased by the blood of the Son of God.

[Gresham's Law]: Bad money drives out good money.

No legal tender law is ever needed to make men take good money; its only use is to make them take bad money.

Bitcoin is not a currency for a government; it is a global currency for the people.

The natural tendency of government, once in charge of money, is to inflate and to destroy the value of the currency.

China's idea of fair trade is government subsidies of its textile and apparel exports to the United States, currency manipulation, and forgiveness of loans by its government banks.