My favorite quote about money comes from the British novelist W. Somerset Maugham: Money is like a sixth sense without which we can not make a complete use of the other five.
There are probably millions of wage earners who wish they could use their five basic senses to see, hear, smell, taste and touch life without any concern for the necessity of financing their life, but money is a stern taskmaster who keeps their noses to the grindstone.
Even the struggling artist who abhors capitalism and the money chase must find the money to purchase his canvas and oils so he may lose himself in his craft.
Art certainly offers appeal as an activity that is more creative, inspiring and noble than the pure pursuit of making money, but the true capitalist or investor can paint with joy on a much larger canvas when he knows and understands that money has no actual value in the marketplace, or real meaning in the greater scheme of life.
Money is but a tool that does the bidding of its master. Money is neither good nor evil. In any drug transaction, money is not the evil element. In the payment of wages for time spend working in honest labor, money is not our savior.
We can make money the right way or the wrong way. We can spend money productively or unproductively. We can help people or hurt people in our use of money.
Money has no actual value other than the value we attach to it. The barter system would still be practiced today if the participants did not agree to set a value on a piece of printed paper that represented the value of the goods and services they had to offer.
When the users of money lose faith in their currency, its value drops sharply, causing inflation. When the productivity of a country stalls, its currency on the world market plunges, again causing inflation.
Money has no actual meaning other than the meaning we attach to it. Our rational mind tells us that a surplus of money can not buy us love, respect, admiration or health, yet we know that an abundance of money can buy us opportunities, financial freedom, better health care, better housing, better nutrition and a more convenient lifestyle.
Here starts the connection between rendering service and making money.
We know that nothing in our material world can come from nowhere or go nowhere, nor can it be free as there is a price to be paid. Our government can render us service through its employees, but our government is never a source of goods. Everything produced is produced by the people and everything that a government gives to its people it must first take from its people.
The only money that government has to spend is money taxed or borrowed from people's earnings. Earnings come from productivity. All productivity is based on natural resources, human energy and tools. Tools are the only factor among the …