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Goods can serve many other purposes besides purchasing money, but money can serve no other purpose besides purchasing goods.

Adam Smith

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Adam Smith
Age: 67 †
Born: 1723
Born: June 16
Died: 1790
Died: July 17
Economist
Non-Fiction Writer
Philosopher
University Teacher
Writer
Lang Toun
Purposes
Besides
Goods
Economics
Serve
Purpose
Money
Many
Purchasing

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All money is a matter of belief.
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Great nations are never impoverished by private, though they sometimes are by public prodigality and misconduct.
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Mercy to the guilty is cruelty to the innocent.
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That a joint stock company should be able to carry on successfully any branch of foreign trade, when private adventurers can come into any sort of open and fair competition with them, seems contrary to all experience.
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The game women play is men.
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Fear is in almost all cases a wretched instrument of government, and ought in particular never to be employed against any order of men who have the smallest pretensions to independency.
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Corn is a necessary, silver is only a superfluity.
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An instructed and intelligent people are always more decent and orderly than an ignorant and stupid one.
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Every individual necessarily labors to render the annual revenue of society as great as he can. He generally neither intends to promote the public interest, nor knows how much he is promoting it. He intends only his own gain, and he is, in this, as in many other cases, led by an invisible hand to promote an end which was not part of his intention.
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The difference between the most dissimilar characters, between a philosopher and a common street porter, for example, seems to arise not so much from nature, as from habit, custom, and education.
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The problem with fiat money is that it rewards the minority that can handle money, but fools the generation that has worked and saved money.
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It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country.
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It seldom happens, however, that a great proprietor is a great improver.
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