D
DeletedUser394
Guest
I swear, by my life and my love of it, that I will never live for the sake of another man, nor ask another man to live for mine. :smug2:
Now to the point...
I'm nearing the end of the book (page 900) and either Francisco or Rearden...could have even been Galt himself, mentions something to the effect that gold is an objective value.
The quote: Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked, ‘Account overdrawn.’
Now I haven't any interest to start hoarding gold or anything, I'm simply trying to rap my head around this concept. Not even sure what I'm asking, just maybe if someone would like to elaborate on the topic as it relates to the book (more specifically the quote) that would be great.
Thanks!
Now to the point...
I'm nearing the end of the book (page 900) and either Francisco or Rearden...could have even been Galt himself, mentions something to the effect that gold is an objective value.
The quote: Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked, ‘Account overdrawn.’
Now I haven't any interest to start hoarding gold or anything, I'm simply trying to rap my head around this concept. Not even sure what I'm asking, just maybe if someone would like to elaborate on the topic as it relates to the book (more specifically the quote) that would be great.
Thanks!
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