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[realtraders] Value of money - Ayn Rand {01}



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RT's,

This is pretty long but inspiring excerpt regarding the value of money from 
'Atlas Shrugged' by Ayn Rand:Atlas Shrugged
by Ayn Rand... enjoy!

A woman, who had large diamond earrings and a flabby, nervous face, ask 
tensely, “ Senor d”Anconia, what do you think is going to happen to the 
world?”
	“Just exactly what it deserves.”
	“Oh, how cruel!”
	“Don’t you believe in the operation of the moral law, Madame?”  Francisco 
asked gravely.  “I do.”
	Reardon heard Bertram Schudder, outside of the group, say to a girl who 
made some sound of indignation, “Don’t let him disturb you.  You know, money 
is the root of all evil… and he is the typical product of money.”
	Reardon did not think that Francisco could have heard it, but he saw 
Francisco turning to them with a gravely courteous smile.
	“So you think that money is the root of all evil?” said Francisco 
d’Anconia.  “Have you ever asked what is the root of money?  Money is a tool 
of exchange, which can’t exist unless there are goods produced  and men able 
to produce them.  Money is the material shape of the principle that men who 
wish  to deal with one another must deal by trade and give value for value.  
Money is not the tool of the moochers, who claim your product by tears, or 
of the looters, who take it from you by force.  Money is made possible only 
be the men who produce.  Is that what you consider evil?”
	“When you accept  money in payment for your effort, you do so only on the 
conviction that you will exchange it for the product of the effort of 
others.  It is not the moochers or the looters who give value to money.  Not 
an ocean of tears nor all the guns in the world can transform those pieces 
of paper in your wallet into the bread you will need to survive  tomorrow.  
Those pieces of paper, which should have been gold, are a token of honor – 
your claim upon the energy of the men who produce.  Your wallet is your 
statement of hope that somewhere in the world around you there are men who 
will not default on that moral principle which is the root of money.  Is 
this what you consider evil?”
	“Have you ever looked for the root of production?  Take a look at an 
electric generator and dare tell yourself that it was created by the 
muscular effort of unthinking brutes.  Try to grow a seed of wheat without 
the knowledge  left to you by men who had to discover it for the first time. 
  Try to obtain your food by means of nothing but physical motions – and 
you’ll learn that man’s mind is the root of all the goods produced and of 
all the wealth that has ever existed on earth.”
	“But you say that money is made by the strong at the expense of the weak?  
What strength do you mean?  It is not the strength of guns or muscles.  
Wealth is the product of man’s capacity to think.  Then is money made by the 
man who invents a motor at the expense of those who did not invent it?  Is 
money made by the intelligent at the expense of the fools?  By the able at 
the expense of the incompetent?  By the ambitious at the expense of the 
lazy?  Money is made – before it can be looted or mooched – made by the 
effort of every honest man, each to the extent of his ability.  An honest 
man is one who knows that he can’t consume more than he has produced.”
	“To trade by means of money is the code of the men of good will.  Money 
rests on the axiom that every man is the owner of his mind and his effort.  
Money allows no power to prescribe the value of your effort except the 
voluntary choice of the man who is willing to trade you his efforts in 
return.  Money permits you to obtain for your goods and your labor that 
which they are worth to the men who buy them, but no more.  Money permits no 
deals except those to mutual benefit by the unforced judgment of the 
traders.  Money demands of you the recognition  that men must work for their 
own benefit not for their own injury, for their gain, not their loss – the 
recognition  that they are not beasts of burden, born to carry the weight of 
your misery – that you must offer them values, not wounds – that the common 
bond among men is not the exchange of suffering, but the exchange of goods.  
Money demands that you sell, not your weakness to men'’ stupidity, but your 
talent to their reason;  it demands that you buy, not the shoddiest they 
offer, but the best that your money can find.  And when men live  by trade – 
with reason, not force, as their final arbiter- it is the best product that 
wins, the best performance, the man of best judgment and highest ability – 
and the degree of a man’s productiveness is the degree of his reward.  This 
is the code of existence whose tool and symbol is money.  Is this what you 
consider evil?”
	“But money is only a tool.  It will take you wherever you wish, but it will 
not replace you as the driver.  It will give you the means for the 
satisfaction of your desires, but it will not provide you with the desires.  
Money is the scourge of the men who attempt to reverse the law of causality- 
  The men who seek to replace  the mind by seizing the products of the 
mind.”
	“Money will not purchase happiness for the man who has no concept of what 
he wants:  money will not give him a code of values, if he’s evaded the 
knowledge of what to value, and it will not provide him with a purpose, if 
he’s evaded the choice of what to seek.  Money will not buy intelligence for 
the fool, or admiration for the coward, or respect for the incompetent.  The 
man who attempts to purchase the brains of his superiors to serve him, with 
his money replacing his judgment, ends up by becoming the victim of his 
inferiors.  The men of intelligence desert him, but the cheats and the 
frauds come flocking to him, drawn by a law which he has not discovered:  
that no man may be smaller than his money.  Is this the reason why you call 
it evil?”
	“Only the man who does not need it, is fit to inherit wealth – the man who 
would make his own fortune no matter where he started.  If an heir is equal 
to his money, it serves him; if not, it destroys him.  But you look on and 
you cry that money corrupted him.  Did it?  Or did he corrupt his money?  Do 
not envy a worthless heir; his wealth is not yours and you would have done 
no better with it.  Do not think that it should have been distributed among 
you;  loading the world with fifty parasites instead of one, would not bring 
back the dead virtue which was the fortune.  Money is a living power that 
dies without its root.  Money will not serve the mind that cannot match it.  
Is this the reason why you call it evil?”
	“Money is your means of survival.  The verdict you pronounce upon the 
source of your livelihood is the verdict you pronounce upon your life.  If 
the source is corrupt, you have damned your own existence.  Did you get your 
money by fraud?  By pandering to men’s vices or men’s stupidity?  By 
catering to fools, in the hope of getting more than your ability deserves?  
By lowering your standards?  By doing work you despise for purchasers you 
scorn?  If so, then your money will not give you a moment’s or a penny’s 
worth of joy.  Then all the things you buy will become, not a tribute to 
you, but a reproach; not an achievement, but a reminder of shame.  Then 
you’ll scream that money is evil.  Evil, because it would not pinch-hit for 
your self-respect?   Evil, because it would not let you enjoy your 
depravity?  Is this the root of your hatred of money?”
	“Money will always remain an effect and refuse to replace you as the cause. 
  Money is the product of virtue, but it will not give you virtue and it 
will not redeem your vices.  Money will not give you the unearned, neither 
in matter nor in spirit.  Is this the root of your hatred of money?”
	“Or did you say it’s the love of money that’s the root of all evil?  To 
love a thing is to know and love it’s nature.  To love money is to know and 
love the fact that money is the creation of the best power within you, and 
your passkey to trade your effort for the effort of the best among men.  
It’s the persons who would sell his soul for a nickel, who is loudest in 
proclaiming his hatred of money – and he has good reason to hate it.  The 
lovers of money are willing to work for it.  They know they are able to 
deserve it.”
	“Let me give you a tip on a clue to men’s characters:  the man who damns 
money has obtained it dishonorably; the man who respects it has earned it.”
	“Run for your life from any man who tells you that money is evil.  That 
sentence is the leper’s bell of an approaching looter.  So long as men live 
together on earth and need means to deal with one another – their only 
substitute, if they abandon money is the muzzle of a gun.”
	“ But money demands of you the highest virtues, if you wish to make it or 
to keep it.  Men who have no courage, pride or self esteem, men who have no 
moral sense of their right to their money and are not willing to defend it 
as they defend their life, men who apologize for being rich – will not 
remain rich for long.  They are the natural bait for the swarms of looters 
that stay under rocks for centuries, but come crawling out at the first 
smell of a man who begs to be forgiven for the guilt of owning wealth.  They 
will hasten to relieve him of the guilt – and of his life, as he deserves.”
	“Then you will see the rise of the men of the double standard- the men who 
live by force, yet count on those who live by trade to create the value of 
their looted money – the men who are the hitchhikers of virtue.  In a moral 
society, these are the  criminals, and the statutes are written to protect 
you against them.  But when a society establishes criminals-by-right and 
looters-by-law   -  men who use force to seize the wealth of disarmed 
victims – then money becomes its creator’s avenger.  Such looters believe it 
safe to rob defenseless men, once they’ve passed a law to disarm them.  But 
their loot becomes the magnet for other looters, who get it from them as 
they got it.  Then the race goes, not to the ablest at production, but to 
those most ruthless at brutality.  When force is the standard, the murderer 
wins over the pickpocket.  And then that society vanishes, in a spread of 
ruins and slaughter.”
	“Do you wish to know whether that day is coming?  Watch money.  Money is 
the barometer of a society’s virtue.  When you see that trading is done, not 
by consent, but by compulsion -  when you see that in order to produce, you 
need to obtain permission from men who produce nothing -  when you see that 
money is flowing to those who deal, not in goods, but in favors – when you 
see than men get richer by graft and by pull than by work, and your laws 
don’t protect you against them, but protect them against you – when you see 
corruption being rewarded and honesty becoming a self-sacrifice – you may 
know that your society is doomed.  Money is so noble a medium that it does 
not compete with guns and it does not make terms with brutality.  It will 
not permit a country to survive as half-property, half-loot.”
	“When ever destroyers appear among men, they start by destroying money, for 
money is men’s protection and the base of a moral existence.  Destroyers 
seize gold and leave to its owners a counterfeit pile of paper.  This kills 
all objective standards and delivers men into the arbitrary power of an 
arbitrary setter of values.  Gold was an objective value, an equivalent of 
wealth produced.  Paper is a mortgage on wealth that does not exist, back 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’.”
	“When you have made evil the means of survival, do not expect men to remain 
good.  Do not expect them to stay moral and lose their lives for the purpose 
of becoming the fodder of the immoral.  Do not expect them to produce, when 
production is punished and looting rewarded.  Do not ask, `Who is destroying 
the world?'’ You are."”
	“You stand in the midst of the greatest achievements of the greatest 
productive civilization and you wonder why it’s crumbling around you, while 
you’re damning it’s life blood – money.  You look upon money as the savages 
did before you, and you wonder why the jungle is creeping back to the edge 
of your cities.  Throughout men’s history, money was always seized by 
looters of one brand or another, whose names changed, but whose method 
remained the same:  to seize wealth by force and to keep the producers 
bound, demeaned, defamed, deprived of honor.  That phrase about the evil of 
money, which you mouth with such righteous recklessness, comes from a time 
when wealth was produced by the labor of slaves – slaves who repeated the 
motions once discovered by somebody’s mind and left unimproved for 
centuries.  So long as production was ruled by force, and wealth was 
obtained by conquest, there was little to conquer.  Yet through all the 
centuries of stagnation and starvation, men exalted the looters, as 
aristocrats of the sword, as aristocrats of birth, as aristocrats of the 
bureau, and despised the producers, as slaves, as traders, as shopkeepers… 
as industrialists.”
	“To the glory of mankind, there was, for the first and only time in 
history, a country of money – and I have no higher, more reverent tribute to 
pay to America, for this means:  a country of reason, justice, freedom, 
production, achievement.  For the first time, man’s mind and money were set 
free, and there were no fortunes-by-conquest, but only fortunes-by-work, and 
instead of swordsmen and slaves, there appeared the real maker of wealth, 
the greatest worker, the highest type of human being – the self made man – 
the American Industrialist.”
	“If you ask me to name the proudest distinction of Americans, I would 
choose – because it contains all the others – the fact that they were the 
people who created the phrase `to make money.’  No other language or nation 
had ever used these words before; men had always thought of wealth as a 
static quantity – to be seized, begged, inherited, shared, looted or 
obtained as a favor.  Americans were the first to understand that wealth has 
to be created.  The words `to make money’ hold the essence of human 
morality.”
“Yet these were the words for which Americans were denounced by the rotted 
cultures of the looters’ continents.  Now the looters’ credo has brought you 
to regard your proudest achievements as a hallmark of shame, your prosperity 
as guilt, your greatest men, the industrialists, as blackguards, and your 
magnificent factories as the product and property of muscular labor, the 
labor of whip driven slaves, like the pyramids of Egypt.  The rotter who 
simpers that he sees no difference between the power of the dollar and the 
power of the whip, ought to learn the difference on his own hide – as, I 
think, he will.”
	Until and unless you discover that money is the root of all good, you ask 
for your own destruction.  When money ceases to be the tool by which men 
deal with one another, then men become the tools of men.  Blood, whips and 
guns – or dollars.  Take your choice – there is no other – and your time is 
running out.”



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