Money is the barometer of a society's virtue.
No single number has become more central to society in the past 50 years” than gross domestic product.
Gold is as steady as a rock, a standardbearer by which all currencies can be accurately measured.
Growth is a funny sort of concept. For example, our GNP increases every time we build a prison. Well, okay, it's growth in a sense.
In return, society rewards those who give it what it wants. That is why how much money people have earned is a rough measure of how much they gave society what it wanted.
Since labour is motion, time is its natural measure.
As an economy measures performance in terms of the creation of money, people become a major source of inefficiency.
The best measure of inflation is what is happening with commodity prices.
Income is the natural and rational gauge and measure of respectability.
Cutting VAT is a classic case of shutting the stable door, when the horse has already galloped a couple of furlongs down the road.
Money appears as measure (in Homer, e.g. oxen) earlier than as medium of exchange, because in barter each commodity is still its own medium of exchange. But it cannot be its own or its own standard of comparison.
