Quote of the Day for February 20, 2018

51: From Newcomb: The ABC of Finance, Lessons I-VIII:

    If, now, the reader will remember that there is only one kind of value, namely, that measured by the necessaries of life anything will command in the market, and that the value of a gold dollar does not differ in any essential respect from that of the same quantity of gold in a nugget, he will have taken the second great step towards understanding the money question.

    V.4 (paragraph number)

    View Card Catalog for this quote