A Quote by Homer
Money can be exchanged for goods and services!
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Money does not pay for anything, never has, never will. It is an economic axiom as old as the hills that goods and services can be paid for only with goods and services.
Bitcoin has been described as a decentralized, peer-to-peer virtual currency that is used like money - it can be exchanged for traditional currencies such as the U.S. dollar or used to purchase goods or services, usually online. Unlike traditional currencies, Bitcoin operates without central authority or banks and is not backed by any government.
While other individuals or institutions obtain their income by production of goods and services and by the peaceful and voluntary sale of these goods and services to others, the State obtains its revenue by the use of compulsion; that is, by the use and the threat of the jailhouse and the bayonet.
Non-inflationary economic growth - an increase in the production of goods and services - is structurally necessary for the current money system to exist. That is what drives the relentless conversion of life into money.
At the moment, for example, maybe ten percent of money in the world is related to goods and services. Ninety percent of money is just moving around the world, chasing money. So, money has become the ruler. And we have become the servant.
Consumers need more insight into the goods and services they purchase. Businesses need to produce those goods and services more sustainably.
The companies aren't hiring, because consumers don't have enough money to buy the goods and services.
What we're talking about is the price of goods, all goods, in terms of money. That has nothing to do with unemployment, except for the fact that you get fewer goods. And when you have more money and fewer goods, the amount of dollars per good goes up. It goes up because there are fewer goods and it goes up because there is more money.
Why do some people act as if making money offended their delicate minds? I am out for a legitimate profit, and not ashamed of it; the fact that people will pay money for my goods and services shows that my work is useful.
Speculation is only a word covering the making of money out of the manipulation of prices, instead of supplying goods and services.
The use of crypto-currency as a surrogate for the ruble in trading in goods and services, in our opinion, has a risk of undermining the circulation of money.
When the government takes more money out of the pockets of middle class Americans, entrepreneurs, and businesses, it lessens the available cash flow for people to spend on goods and services, less money to start businesses, and less money for businesses to expand - i.e. creating new jobs and hiring people.
Wealth comes from the production and exchange of goods and services. If someone efficiently produces a good that many people willingly trade their money for, he becomes wealthy.
It is as to whether its services or uses are to be exchanged or not which makes a tool an article of capital or merely an article of wealth. Thus, the lathe of a manufacturer used in making things which are to be exchanged is capital, while the lathe kept by a gentleman for his own amusement is not.
I have read a great deal of economic theory for over 50 years now, but have found only one economic "law" to which I can find NO exceptions: Where the State prevents a free market, by banning any form of goods or services, consumer demand will create a black market for those goods or services, at vastly higher prices. Can YOU think of a single exception to this law?
Experiences are as distinct from services as services are from goods.
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