2 de nov. de 2011

The Yield From Money Held


On Freedom and Free Enterprise: Essays in Honor of Ludwig von Mises (Mary Sennholz)
- Highlight Loc. 4244-46  | Added on Thursday, September 29, 2011, 12:43 AM

Surely the reality is that, although money is always held (except perhaps by misers) with a view to its being ultimately passed on to others, the act of passing it on is merely the culmination of a service (technical or speculative) which it has been rendering to the possessor.