Money does not only help the exchange of goods and services but can also hinder the exchange of goods and services by being kept in the hands of those who have more than they need. Thus it creates a private toll gate where those who have less than they need pay a fee to those who more money than they need.
Margrit KennedyRelated topics
exchange fee gate goods help hinder less money need pay private thus toll hands servicesRelated quotes
If rather than setting the minimum balance as the lowest possible amount, so we keep people in debt for as long as possible, we raise the minimum payment and encourage people to pay off their credit cards, we're going to make less money, but we're going to have costumers that are more solvent.
Richard Thaler
When all capital, all production, all exchange have been brought together in the hands of the nation, private property will disappear of its own accord, money will become superfluous, and production will so expand and man so change that society will be able to slough off whatever of its old economic habits may remain.
Friedrich Engels
[A]lterations in policy had to be made with continual reference to the need to be elected in order to be able to put principles into power. I repeatedly had to reinforce the message that the real penalty for our defeat was paid by the unemployed, the poor, the sick, the young and the old that the Labour Party existed to help.
Neil Kinnock
