"Medium of exchange" Quotes from Famous Books
 ... whole country was overrun with paper money. Mr. Sherman published in that year a little pamphlet, entitled, "A Caveat Against Injustice, or An Inquiry Into the Evil Consequences of a Fluctuating Medium of Exchange." He stated with great clearness and force the arguments which, unhappily, we have been compelled to repeat more than once in later generations. He denounced paper money as "a cheat, vexation, and snare, a medium whereby we are continually cheating and wronging one another in our ...
— Autobiography of Seventy Years, Vol. 1-2 • George Hoar
... carries no social prestige. More money is spent, and more frivolously, than in the early days; there are more girls, and more rich girls, to spend it; yet the indifference to it except as a mechanical convenience, a medium of exchange and an opportunity for service, continues to be ...
— The Story of Wellesley • Florence Converse
... pointed out by me in 1871 in the "Experiences of a Planter," in letters to the "Times," and in the evidence I gave when examined by the India Finance Committee of the House of Commons in 1872. There were two principal causes—the spread of the use of money instead of grain as a medium of exchange, and such a restricted development of communications that, while these were sufficient to drain the countries in the interior of their grain, they were not sufficiently developed to enable the grain to be brought back again in sufficient quantities when it was necessary to do so in times of famine. ...
— Gold, Sport, And Coffee Planting In Mysore • Robert H. Elliot
... as the necessary medium of exchange, another species of money-getting spon took place, namely, by buying and selling, at probably first in a simple manner, afterwards with more skill and experience, where and how the greatest profits might be made. For which reason the art of ...
— Politics - A Treatise on Government • Aristotle
... is no other word that means quite so much. We want gold; indeed, we must have it. Malleable, divisible, indestructible, rare, it is the indispensable medium of exchange. It is our chosen unit of power and success, the measure of civilization and human attainment. Hence it has always been the object of human desire. The Golden Fleece very probably was the sheepskin bottom of an old-time sluice-box, in a day when they used wool, instead ...
— Stories from Everybody's Magazine • 1910 issues of Everybody's Magazine
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