Saturday, May 30, 2020
But Keynes recognized that money was not only a mechanism for transmitting information about the relative values of different goods; it was also a store of value, which enabled people to make and express judgments about their own material security through time... "The importance of money essentially flows from its being a link between the present and the future."
— Zachary D. Carter, The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes