--- title: "Meaning & Key Takeaway of: Money is the general medium of exchange…" description: "\"Money is the general medium of exchange. It is the thing for which all other goods are traded, the means of final payment for such goods on the market...." image: "https://sms4smile.com/quotes/i/cc4/murray-rothbard-1563_conspiracy_money-is-the-general-medium-of-exchange_1944544.jpg" --- # Money is the general medium of exchange. It is the thing… ![“Money is the general medium of exchange. It is the thing for which all other goods are traded, the means of final payment for such goods on the market.” quote by Murray Rothbard](https://sms4smile.com/quotes/i/cc4/murray-rothbard-1563_conspiracy_money-is-the-general-medium-of-exchange_1944544.jpg) [Download](https://sms4smile.com/quotes/i/cc4/murray-rothbard-1563_conspiracy_money-is-the-general-medium-of-exchange_1944544.jpg) [Open image](https://sms4smile.com/quotes/i/cc4/murray-rothbard-1563_conspiracy_money-is-the-general-medium-of-exchange_1944544.jpg) > “Money is the general medium of exchange. It is the thing for which all other goods are traded, the means of final payment for such goods on the market.” [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Money serves as the universal intermediary that enables trade by representing value and settling transactions. **In simple terms:** Money is a common tool for buying and selling. Key Takeaway Use money wisely to facilitate exchange. Themes economics trade value exchange finance Mood analytical neutral Type economic theoretical When to use this quote - shopping - business transactions - investment - budgeting Key Concepts monetary theory market mechanisms price signals Questions to Reflect On - How does money influence power dynamics? - What alternatives exist to monetary exchange? A Different Perspective Money cannot solve all social inequities alone. ★ ★ ★ ★ ★ No ratings yet [Conspiracy](https://sms4smile.com/quotes/about/conspiracy/) [Investing](https://sms4smile.com/quotes/about/investing/) [Money](https://sms4smile.com/quotes/about/money/) [Payment](https://sms4smile.com/quotes/about/payment/) ## Related quotes > [People will talk about money in the general sense, but not in the specific sense of, like, where'd you fail, how'd you succeed, how'd…](https://sms4smile.com/quotes/su-chin-pak/people-will-talk-about-money-in-the-general-sense-but-not-in-the/) [Su-chin Pak](https://sms4smile.com/quotes/author/su-chin-pak/) > [I think money in general hurts all sports.](https://sms4smile.com/quotes/will-mcdonough/i-think-money-in-general-hurts-all-sports/) [Will McDonough](https://sms4smile.com/quotes/author/will-mcdonough/) > [“Money is thus a universal medium of exchange that enables people to convert almost everything into almost anything else.”](https://sms4smile.com/quotes/yuval-noah-harari/money-is-thus-a-universal-medium-of-exchange-that-enables-people-to/) [Yuval Noah Harari](https://sms4smile.com/quotes/author/yuval-noah-harari/) > [Money is the medium of exchange, and it's how you make things happen. To say you hate it is some farfetched, idealistic crap.](https://sms4smile.com/quotes/bobby-seale/money-is-the-medium-of-exchange-and-it-s-how-you-make-things-happen/) [Bobby Seale](https://sms4smile.com/quotes/author/bobby-seale/) > [Requirements represent the medium of exchange between IT and the business.](https://sms4smile.com/quotes/john-williams/requirements-represent-the-medium-of-exchange-between-it-and-the/) [John Williams](https://sms4smile.com/quotes/author/john-williams/) > [“The State is that organization in society which attempts to maintain a monopoly of the use of force and violence in a given territorial…](https://sms4smile.com/quotes/murray-rothbard/the-state-is-that-organization-in-society-which-attempts-to-maintain/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [ \[W\]hich category of crimes does the State pursue and punish most intensely? \[T\]hose against private citizens or those against itself? The gravest crimes in… ](https://sms4smile.com/quotes/murray-rothbard/w-hich-category-of-crimes-does-the-state-pursue-and-punish-most/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [Investors, of course, can, by their own behavior make stock ownership highly risky. And many do. Active trading, attempts to "time" market movements, inadequate…](https://sms4smile.com/quotes/warren-buffett/investors-of-course-can-by-their-own-behavior-make-stock-ownership/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Everybody loves to spend money at least some of the time - because everybody loves the stuff you can buy with it. The key…](https://sms4smile.com/quotes/jeffrey-kluger/everybody-loves-to-spend-money-at-least-some-of-the-time-because/) [Jeffrey Kluger](https://sms4smile.com/quotes/author/jeffrey-kluger/) > [Back in those days, in the fifties and sixties, countries had balance of payment's deficits or surpluses, those were reflected much more than today…](https://sms4smile.com/quotes/robert-c-solomon/back-in-those-days-in-the-fifties-and-sixties-countries-had-balance/) [Robert C. Solomon](https://sms4smile.com/quotes/author/robert-c-solomon/) > [Consider a 15- or 20-year fixed-rate mortgage instead of a 30-year, if you can afford the monthly payments - they may not be as…](https://sms4smile.com/quotes/suze-orman/consider-a-15-or-20-year-fixed-rate-mortgage-instead-of-a-30-year-if/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [To give money to a sufferer is only a come-off. It is only a postponement of the real payment, a bribe paid for silence,…](https://sms4smile.com/quotes/ralph-waldo-emerson/to-give-money-to-a-sufferer-is-only-a-come-off-it-is-only-a/) [Ralph Waldo Emerson](https://sms4smile.com/quotes/author/ralph-waldo-emerson/) > [Tireless passion, fierce jealousy, longing to possess and crush-these alone were left of all his love for Rosalind; these remained to him as payment…](https://sms4smile.com/quotes/f-scott-fitzgerald/tireless-passion-fierce-jealousy-longing-to-possess-and-crush-these/) [F. Scott Fitzgerald](https://sms4smile.com/quotes/author/f-scott-fitzgerald/) > [If there was a payment to the bank due, and we needed shoes, she'd get the shoes, and then deal with them guys at…](https://sms4smile.com/quotes/larry-bird/if-there-was-a-payment-to-the-bank-due-and-we-needed-shoes-she-d-get/) [Larry Bird](https://sms4smile.com/quotes/author/larry-bird/) > [Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.](https://sms4smile.com/quotes/alan-greenspan/crony-capitalism-is-essentially-a-condition-in-which-public-officials/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) ## More by Murray Rothbard > [I think one of the most important directions to be pursued in the 'sciences of human action' is to develop a natural-law ethics based…](https://sms4smile.com/quotes/murray-rothbard/i-think-one-of-the-most-important-directions-to-be-pursued-in-the/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [Since the State necessarily lives by the compulsory confiscation of private capital, and since its expansion necessarily involves ever-greater incursions on private individuals and…](https://sms4smile.com/quotes/murray-rothbard/since-the-state-necessarily-lives-by-the-compulsory-confiscation-of/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [Falling prices through increased production is a wonderful long-run tendency of untrammeled capitalism.](https://sms4smile.com/quotes/murray-rothbard/falling-prices-through-increased-production-is-a-wonderful-long-run/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [To deprecate human reason by saying that none of us is or can be omniscient is absurd, for it takes an impossible standard as…](https://sms4smile.com/quotes/murray-rothbard/to-deprecate-human-reason-by-saying-that-none-of-us-is-or-can-be/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [Cops must be unleashed, and allowed to administer instant punishment, subject of course to liability when they are in error.](https://sms4smile.com/quotes/murray-rothbard/cops-must-be-unleashed-and-allowed-to-administer-instant-punishment/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [Subjectivism is not an absolute principle; it is a necessary but not sufficient condition for sound methodology.](https://sms4smile.com/quotes/murray-rothbard/subjectivism-is-not-an-absolute-principle-it-is-a-necessary-but-not/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [We must therefore turn to history for enlightenment; here we find that none of the proclaimed anarchist groups correspond to the libertarian position, that…](https://sms4smile.com/quotes/murray-rothbard/we-must-therefore-turn-to-history-for-enlightenment-here-we-find-that/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [John Stuart was the quintessence of soft rather than hardcore, a woolly minded man of mush in striking contrast to his steel-edged father.](https://sms4smile.com/quotes/murray-rothbard/john-stuart-was-the-quintessence-of-soft-rather-than-hardcore-a/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [What do intellectuals and opinion makers get from big government? An increasing number of cushy jobs in the bureaucracy, or in the government-subsidized sector,…](https://sms4smile.com/quotes/murray-rothbard/what-do-intellectuals-and-opinion-makers-get-from-big-government-an/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [The major reason for Keynes's rejection of communism was simply that he could scarcely identify with the grubby proletariat.](https://sms4smile.com/quotes/murray-rothbard/the-major-reason-for-keynes-s-rejection-of-communism-was-simply-that/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [Liberty and morality had to win their way slowly over many centuries, until finally expanding liberty made possible the great technological advance of the…](https://sms4smile.com/quotes/murray-rothbard/liberty-and-morality-had-to-win-their-way-slowly-over-many-centuries/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [The State has invariably shown a striking talent for the expansion of its powers beyond any limits that might be imposed upon it.](https://sms4smile.com/quotes/murray-rothbard/the-state-has-invariably-shown-a-striking-talent-for-the-expansion-of/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [Absolute freedom need not be lost as the price we must pay for the advent of civilization; men are born free, and need never…](https://sms4smile.com/quotes/murray-rothbard/absolute-freedom-need-not-be-lost-as-the-price-we-must-pay-for-the/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [Absolute freedom need not be lost as the price we must pay for the advent of civilization. Man may achieve liberty and abundance, freedom…](https://sms4smile.com/quotes/murray-rothbard/absolute-freedom-need-not-be-lost-as-the-price-we-must-pay-for-the-2/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [The underconsumptionist of 1819 believed that consumption would be stimulated by tariffs, while the underconsumptionist of a later day urged monetary expansion as the…](https://sms4smile.com/quotes/murray-rothbard/the-underconsumptionist-of-1819-believed-that-consumption-would-be/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) [Explore all 227 Murray Rothbard quotes ](https://sms4smile.com/quotes/author/murray-rothbard/) ## More Conspiracy quotes > [I do conscientiously and sincerely believe that the Order of Freemasonry, if not the greatest, is one of the greatest moral and political evils…](https://sms4smile.com/quotes/john-quincy-adams/i-do-conscientiously-and-sincerely-believe-that-the-order-of/) [John Quincy Adams](https://sms4smile.com/quotes/author/john-quincy-adams/) > [I have a tendency to often share the point of view of the conspiracy theory.](https://sms4smile.com/quotes/marion-cotillard/i-have-a-tendency-to-often-share-the-point-of-view-of-the-conspiracy/) [Marion Cotillard](https://sms4smile.com/quotes/author/marion-cotillard/) > [I'm not a conspiracy theorist.](https://sms4smile.com/quotes/bob-baffert/i-m-not-a-conspiracy-theorist/) [Bob Baffert](https://sms4smile.com/quotes/author/bob-baffert/) > [The shelves of many evangelicals are full of books that point out the flaws in evolution, discuss it only as a theory, and almost…](https://sms4smile.com/quotes/francis-collins/the-shelves-of-many-evangelicals-are-full-of-books-that-point-out-the/) [Francis Collins](https://sms4smile.com/quotes/author/francis-collins/) > [We have Internet now and people are not stupid. But it seems that some people are trying to push the same agenda of the…](https://sms4smile.com/quotes/bassem-youssef/we-have-internet-now-and-people-are-not-stupid-but-it-seems-that-some/) [Bassem Youssef](https://sms4smile.com/quotes/author/bassem-youssef/) > [So Pakistan is a country that I'm very fond of and have spent a lot of time, but it is a country where conspiracy…](https://sms4smile.com/quotes/peter-bergen/so-pakistan-is-a-country-that-i-m-very-fond-of-and-have-spent-a-lot/) [Peter Bergen](https://sms4smile.com/quotes/author/peter-bergen/) > [David Rockefeller is the most conspicuous representative today of the ruling class, a multinational fraternity of men who shape the global economy and manage…](https://sms4smile.com/quotes/bill-moyers/david-rockefeller-is-the-most-conspicuous-representative-today-of-the/) [Bill Moyers](https://sms4smile.com/quotes/author/bill-moyers/) > [In 1999, Hoffmann-LaRoche paid a $500 million criminal fine for leading a worldwide conspiracy to fix prices for certain vitamins.](https://sms4smile.com/quotes/bernie-sanders/in-1999-hoffmann-laroche-paid-a-500-million-criminal-fine-for-leading/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [People went out there and they wrote articles and went on television shows saying that I am an operative that the CIA who used…](https://sms4smile.com/quotes/bassem-youssef/people-went-out-there-and-they-wrote-articles-and-went-on-television/) [Bassem Youssef](https://sms4smile.com/quotes/author/bassem-youssef/) > [For people of color - especially African Americans - the idea that racist cops might frame members of their community is no abstract notion,…](https://sms4smile.com/quotes/tim-wise/for-people-of-color-especially-african-americans-the-idea-that-racist/) [Tim Wise](https://sms4smile.com/quotes/author/tim-wise/) > [“Better for real things to be uncontrollable, better for one's life to be undecipherable and intellectually impenetrable than to attempt to make casual sense…](https://sms4smile.com/quotes/philip-roth/better-for-real-things-to-be-uncontrollable-better-for-one-s-life-to/) [Philip Roth](https://sms4smile.com/quotes/author/philip-roth/) > [“Conspiracy theorists manipulate all tangible evidence to fit their explanation, but worse, they will also point to the absence of evidence as even stronger…](https://sms4smile.com/quotes/thomas-m-nichols/conspiracy-theorists-manipulate-all-tangible-evidence-to-fit-their/) [Thomas M. Nichols](https://sms4smile.com/quotes/author/thomas-m-nichols/) > [People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or…](https://sms4smile.com/quotes/adam-smith/people-of-the-same-trade-seldom-meet-together-even-for-merriment-and/) [Adam Smith](https://sms4smile.com/quotes/author/adam-smith/) > [ I can assure the conspiracy theorists who have very effectively savaged \[Gerald\] Posner in their books that they're going to have a much, much… ](https://sms4smile.com/quotes/vincent-bugliosi/i-can-assure-the-conspiracy-theorists-who-have-very-effectively/) [Vincent Bugliosi](https://sms4smile.com/quotes/author/vincent-bugliosi/) > [Act as if the universe is a prodigious miracle created for your amusement and illumination. Assume that secret helpers are working behind the scenes…](https://sms4smile.com/quotes/rob-brezsny/act-as-if-the-universe-is-a-prodigious-miracle-created-for-your/) [Rob Brezsny](https://sms4smile.com/quotes/author/rob-brezsny/) [Browse all 886 Conspiracy quotes ](https://sms4smile.com/quotes/about/conspiracy/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Money is the general medium of exchange. It is the thing for which all other goods are traded, the means of final payment for such goods on the market.", "creator": { "@type": "Person", "name": "Murray Rothbard" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/murray-rothbard/money-is-the-general-medium-of-exchange-it-is-the-thing-for-which-all/", "about": { "@type": "Thing", "name": "Conspiracy" }, "@id": "https://sms4smile.com/quotes/murray-rothbard/money-is-the-general-medium-of-exchange-it-is-the-thing-for-which-all/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/cc4/murray-rothbard-1563_conspiracy_money-is-the-general-medium-of-exchange_1944544.jpg", "contentUrl": "https://sms4smile.com/quotes/i/cc4/murray-rothbard-1563_conspiracy_money-is-the-general-medium-of-exchange_1944544.jpg", "url": "https://sms4smile.com/quotes/i/cc4/murray-rothbard-1563_conspiracy_money-is-the-general-medium-of-exchange_1944544.jpg", "width": 1080, "height": 1080, "caption": "“Money is the general medium of exchange. It is the thing for which all other goods are traded, the means of…” — Murray Rothbard", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Murray Rothbard", "item": "https://sms4smile.com/quotes/author/murray-rothbard/" }, { "@type": "ListItem", "position": 4, "name": "Money is the general medium of...", "item": "https://sms4smile.com/quotes/murray-rothbard/money-is-the-general-medium-of-exchange-it-is-the-thing-for-which-all/" } ], "@id": "https://sms4smile.com/quotes/murray-rothbard/money-is-the-general-medium-of-exchange-it-is-the-thing-for-which-all/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```