The less of one's life one must exchange for money, the more freedom one may enjoy.
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Ch. 17 : Success Redefined, p. 197Gerry Spence
I never said money is freedom! I said money buys freedom. BUYS! What does that mean, money is freedom? This is ridiculous: Money is freedom. It means nothing. What do you think, that a dollar in a savings account is freedom? Maybe you have understood nothing I have said. You are trying to make me sound like an American average citizen.
Klaus Kinski
Q. [McCallum] … are there other economists who have had a really major influence on your thinking? A. [Melzer] Well I mentioned Hayek. There are two ways. One is because of my interest in political economy. The other way is that Hayek was a pioneer in the use of information in economics. One of the papers that Karl and I wrote together that I continue to like was a paper called "The Uses of Money". In that paper we tried to incorporate information and the cost of information to explain why people use money. One of Hayek's most basic ideas is that institutions are a way of reducing uncertainty. Man struggles to find institutional arrangements which on average make life a bit more predictable. Our "Uses of Money" is not so much about money as we conventionally think about it, it's about the idea of a medium of exchange, the function of an institution called the medium of exchange and how the medium of exchange as an institution resolves a part of peoples uncertainty about the future.
Friedrich Hayek
All exchange stimulates productive activity, whether exchange by gift, gambling, barter, or money transaction.
Aaron C. Brown
Exchange value forms the substance of money, and exchange value is wealth.
Karl Marx
Money was intended to be used in exchange, but not to increase at interest. And this term interest, which means the birth of money from money, is applied to the breeding of money because the offspring resembles the parent. Wherefore of all modes of getting wealth this is the most unnatural.
Aristotle
Spence, Gerry
Spencer-Brown, G.
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