On Freedom and Free Enterprise: Essays in Honor of Ludwig von Mises (Mary Sennholz)
- Highlight Loc. 4246-50 | Added on Thursday, September 29, 2011, 12:45 AM
Indeed, the transfer itself occupies a mere moment whilst the services which flow from the possession of money are continuous over time. The essence of all these services is availability. In the terminology which I suggested in my Theory of Idle Resources,104 money assets are not unemployed or resting when they are in our pockets, or in our tills, or in our banking accounts, but in pseudo-idleness, like a piano when it is not being played, or a fireman or a fire engine when there are no fires.
- Highlight Loc. 4246-50 | Added on Thursday, September 29, 2011, 12:45 AM
Indeed, the transfer itself occupies a mere moment whilst the services which flow from the possession of money are continuous over time. The essence of all these services is availability. In the terminology which I suggested in my Theory of Idle Resources,104 money assets are not unemployed or resting when they are in our pockets, or in our tills, or in our banking accounts, but in pseudo-idleness, like a piano when it is not being played, or a fireman or a fire engine when there are no fires.
