Thursday, December 4, 2014

Money Wisdom #313

"Money has no present being. It merely has a past value that is recorded and a future value that is anticipated. Money only exists in memory or anticipation as a record in account books. One never sees money come and go. Even with live electronic access to markets, a change in value occurs instantaneously when a price is marked up or down. One never sees money make money; one never watches it breed. One has to send it away first, so that it may return at a profit. Money always breeds elsewhere, outside possession, beyond the limits of attention. It leaves when it is invested and returns already changed, for profit or loss."

Philip Goodchild Theology of Money (2009) p.170

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