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Quote by David R. Loy

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Money, Sex, War, Karma: Notes for a Buddhist Revolution

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David R. Loy

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“The role of money in the Soviet economy was limited by the fact that many consumer goods (housing, public transport, education, medical care) were basically allocated (or heavily subsidised) rather than sold at market prices. (Rents, fares and charges for medicines did exist, but they were relatively insignificant.) Because of this, and because of the fact that producer goods were rationed, money in the traditional model was not a universal medium of exchange. There were many things it could not buy.”

Money
Book:Socialist Planning
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“According to Marxist–Leninist doctrine, the survival of money and financial flows in a socialist planned economy was something of an anomaly which would in due course disappear. Stalin assumed that in the higher phase of communism, when collective ownership would have disappeared and state ownership would have become universal, goods would circulate on the basis of direct product exchange (i.e. physical exchange without the intermediation of money).”

Money
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“Promotions are not without their drawbacks. For one thing, they cost money. That's deplorable. The cost itself, however, can become part of the promotion. There is something about the crisp, crackling sound of money being thrown away that brings the color back into the cheeks and brings back memories of those happy boyhood days down on the farm. Why, people will come from miles away just to see money being thrown away. A hustler should always be scrupulous about having somebody else on hand to pick up the check.”

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Book:The Hustler's Handbook
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