Money is defined as any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts. It can be regarded as:
- A medium of exchange
- A unit of account a store of value
- A standard of deferred payment.
Any item that fulfills these functions can be considered money.
Nearly all contemporary money systems are based on what is known as “fiat money.”
Fiat money whether checks, banknotes or coins has no intrinsic value in itself. The value is derived from being declared by a government to be legal tender; it must be accepted as a form of payment within the boundaries of each country, for “all debts, public and private.”
Fiat money, according to the law of the land, acquires the value of any of the goods and services that it may be traded for within the nation that issues it.
For most people, money is a serious subject. Others, however, have commented about money in cynical and/or humorous ways.
Our LifeDaily team has selected some of the best:
1. Oscar Wilde:
When I was young I thought that money was the most important thing in life; now that I am old I know that it is.
2. Mark Twain:
The lack of money is the root of all evil.
3. Albert Einstein:
The hardest thing to understand in the world is the income tax.
4. Coco Chanel:
There are people who have money and people who are rich.
5. Milton Friedman:
There’s no such thing as a free lunch.
6. Richard Armour:
That money talks, I’ll not deny, I heard it once: It said ‘Goodbye’.
7. Ronald Reagan:
The problem is not that people are taxed too little, the problem is that government spends too much.
8. Aristotle Onassis:
If women didn’t exist, all the money in the world would have no meaning.
9. Woody Allen:
Money is better than poverty, if only for financial reasons.
10. Groucho Marx:
Alimony is like buying hay for a dead horse.
11. Bob Hope:
A bank is a place that will lend you money if you can prove that you don’t need it.
12. Christopher Marlowe:
Money can’t buy love, but it improves your bargaining position.
13. Spike Milligan:
All I ask is the chance to prove that money can’t make me happy.
14. Earl Wilson:
Isn’t it a shame that future generations can’t be here to see all the wonderful things we’re doing with their money?
15. Adlai E. Stevenson:
There was a time when a fool and his money were soon parted, but now it happens to everybody.
Christianity is probably responsible for projecting the concept that money is at the root of all evil.
Mark Twain expresses the opposite view, as you can see above.
How do you feel about money? Can you ever have enough? How much is too much?
Share your opinion by making use of the comment feed below.
