Thursday, June 30, 2011

Money Wisdom #012

"In the twentieth century, we saw money turn rapidly from paper into plastic and then into mere electronic blips generated in computers, transferred over telephone lines and through computer terminals, and without any corporal existence outside of the electronic domain. Throughout its history, money has become steadily more abstract. By moving at the speed of light, electronic money has become the most powerful financial, political and social force in the world. Money has become even more like God: totally abstract and without corporeal body."

Jack Weatherford The History of Money (1997) p.249

Monday, June 27, 2011

Money Wisdom #011

"With today's computer technology, there is no limit to the number of decimals of π that can be obtained except that set by time and money."

Jan Gullberg Mathematics: from the birth of numbers (1997) p.94