Sunday, July 13, 2014

The Ascent of Money

The Ascent of Money by Niall Ferguson

To Christian the love of money is the root of all evil.

What is money? Where did it come from? What exactly is money?

Money is a store of value.  Money is a medium of exchange. Money is a storehouse of power.  Money accelerates human energy.  Money is a representation of giving what mankind wants.  Money is a store of other people's time and efforts.

Money is Portable power.

Money is the root of "most" progress.

The creation of money is the ascent of man.

It is linked to emotional volatility.

Financial illiteracy is a death. 

Behind every great phenomenon there lies a financial secret.

Every minute of every hour of every week, someone, somewhere, is making financial transactions.

Society without money is poor, brutal and short.

Become successful in real estate and you'll have a financial orgy.

You need to create the production of money.

Lending money is inherently risky.

Money is not absolute value.  Money is worth what someone will give it to you.  Monetary expansion will make prices higher.

We shall never fully understand the truth about money.

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