Quotessence
Home / Quotes / Quote by Doug Casey

Quote by Doug Casey

“Over two thousand years ago, Aristotle taught us that money should be durable, divisible, consistent, convenient, and value in itself. It should be durable, which is why wheat isn't money; divisible which is why works of art are not money; consistent which is why real estate isn't money; convenient, which is why lead isn't money; value in itself, which is why paper shouldn't be money. Gold answers to all these criteria.”

Quote by Doug Casey

Author

Doug Casey
Doug Casey

Doug Casey is a writer whose works span various fields, including investment, politics, and philosophy. Specific details about his life and achievements are unclear. more

You May Also Like

“It is not uncommon to suppose that the free exchange of property in markets and capitalism are one and the same. They are not. While capitalism operates through the free market, free markets don't require capitalism.”