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Quote by Arnold Rothstein

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Arnold Rothstein
Arnold Rothstein

Arnold Rothstein, born on January 17, 1882, was a prominent businessman in the early 20th century United States. He played a significant role in the financial and gambling industries, considered one of the most powerful financiers of his time. Rothstein was known for his investments in casinos and the financial markets, but also for his involvement in a series of controversial illegal activities. more

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“A currency serves three functions: providing a means of payment, a unit of account and a store of value. Gold may be a store of value for wealth, but it is not a means of payment. You cannot pay for your groceries with it. Nor is it a unit of account. Prices of goods and services, and of financial assets, are not denominated in gold terms.”