Home > Economics, Slowdown/Recession of 2009 > The notion of Value

The notion of Value

“Banks and Financial Institutions have forgotten (or ignored) the fact that money has no intrinsic value; it is a token of exchange, a way of comparing our valuation of disparate goods and services and a way of valuing the labour we sell”
–Reader comment in The Ecologist

I’ve been reading Adam Smith of late, and that comment struck a chord.

Currently Reading: An Inquiry into the Causes of the Wealth of Nations (Adam Smith, 1776)
Music: Alice in Chains (Alice in Chains, 1995)

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