Quote by Adam Smith

All money is a matter of belief.

All money is a matter of belief.

Summary

This quote suggests that the value and significance attributed to money is subjective and rooted in belief. It highlights the idea that money holds meaning and power because people collectively trust in its ability to serve as a medium of exchange and store of value. Essentially, the value of money lies not in its physical form or intrinsic worth, but in the shared belief and confidence placed in it by individuals and society as a whole.

Topics

Finance

By Adam Smith

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