A Quote by David Ricardo
The demand for money is regulated entirely by its value, and its value by its quantity.
Related Quotes
Knowledge is like money: to be of value it must circulate, and in circulating it can increase in quantity and, hopefully, in value.
Rather, for all objects and experiences, there is a quantity that has optimum value. Above that quantity, the variable becomes toxic. To fall below that value is to be deprived.
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.
Blockchain assets derive value from their usefulness. Bitcoin has value because people value the payment network. BTC is required to use the network, so people demand it. If Bitcoin continues to be useful, it will continue to have value.
If the quantity of labour realized in commodities, regulate their exchangeable value, every increase of the quantity of labour must augment the value of that commodity on which it is exercised, as every diminution must lower it.
Desired substance, things, patterns, or sequences of experience that are in some sense "good" for the organism - items of diet, conditions of life, temperature, entertainment, sex, and so forth - are never such that more of the something is always better than less of the something. Rather, for all objects and experiences, there is a quantity that has optimum value. Above that quantity, the variable becomes toxic. To fall below that value is to be deprived.
To alter the money value of commodities, by altering the value of money, and yet to raise the same money amount by taxes, is then undoubtedly to increase the burthens of society.
I don't value authority. I don't value the systems. I don't value patriarchal religion. I don't value the things that diminish you when you do tell the truth. So I'm not scared of the end result, and that is the biggest asset I have.
For the folk-community does not exist on the fictitious value of money but on the results of productive labour, which is what gives money its value.
If English money was of the same value then as before, Hamburgh money must have risen in value. But where is the proof of this?
More men are ruined by underestimating the value of money than by overestimating it. Let us, then, abandon the affectation of despising money, and frankly own its value.
Market value is irrelevant to intrinsic value. ... Unqualified judgment can at most claim to decide the market-value - a value that can be in inverse proportion to the intrinsic value.
Money is not the goal. Money has no value. The value comes from the dreams money helps achieve.
Value is the life-giving power of anything; cost, the quantity of labour required to produce it; its price, the quantity of labourwhich its possessor will take in exchange for it.
We do not take into account the value of the stream. We see the number of streams as a measure of consumer demand, not the value. As it is, we think streams are under-monetized, and we are complaining loudly about that. If the value of a stream changes, we won't alter the count because we don't want to alter the history of the program because that would impact these milestone achievements.
It is unlikely that others would even demand their money back overnight, for doing so would lead to the value of the dollar plummeting; what they would get back with be worth little. But what we are already seeing is an erosion of confidence of the dollar, which is seeing the dollar fall in value.
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