Gold is now money with reference to all other commodities only because it was previously, with reference to them, a simple commodity.
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Vol. I, Ch. 1, Section 3, pg.81Karl Marx
Money is different from all other commodities: other things being equal, more shoes, or more discoveries of oil or copper benefit society, since they help alleviate natural scarcity. But once a commodity is established as a money on the market, no more money at all is needed. Since the only use of money is for exchange and reckoning, more dollars or pounds or marks in circulation cannot confer a social benefit: they will simply dilute the exchange value of every existing dollar or pound or mark. So it is a great boon that gold or silver are scarce and are costly to increase in supply.
But if government manages to establish paper tickets or bank credit as money, as equivalent to gold grams or ounces, then the government, as dominant money-supplier, becomes free to create money costlessly and at will. As a result, this 'inflation' of the money supply destroys the value of the dollar or pound, drives up prices, cripples economic calculation, and hobbles and seriously damages the workings of the market economy.Murray Rothbard
No reference is truly direct—every reference depends on SOME kind of coding scheme. It's just a question of how implicit it is.
Douglas Hofstadter
Money is a commodity ... not a useless token only good for exchanging; ... It differs from other commodities in being demanded mainly as a medium of exchange.
Murray Rothbard
I have endeavoured to show that the ability to pay taxes depends, not on the gross money value of the mass of commodities, nor on the net money value of the revenue of capitalists and landlords, but on the money value of each man's revenue compared to the money value of the commodities which he usually consumes.
David Ricardo
You know that fiction, prose rather, is possibly the roughest trade of all in writing. You do not have the reference, the old important reference. You have the sheet of blank paper, the pencil, and the obligation to invent truer than things can be true. You have to take what is not palpable and make it completely palpable and also have it seem normal and so that it can become a part of experience of the person who reads it.
Ernest Hemingway
Marx, Karl
Mary (mother of Jesus)
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