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Possessing utility, commodities derive their exchangeable value from two sources: from their scarcity, and from the quantity of labour required to obtain them.
David Ricardo
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Repeated reflection and inquiry have led me to the somewhat novel opinion, that value depends entirely upon utility.
William Stanley Jevons
The best way to obtain truth and wisdom is not to ask from books, but to go to God in prayer, and obtain divine teaching.
Joseph Smith
Knowledge is like money: To be of value it must circulate, and in circulating it can increase in quantity and, hopefully, in value.
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The economic difficulty of the modern world is not shortage of materials but the organization of their exchange and distribution; distress arises, not from scarcity but from dislocation and maladjustment.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
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