Currency and Coffee

Continuing a theme I like, that money is not wealth, the Malaysian Prime Minister, in between making some harsh (but fair) comments about Europe’s economy, observes:

“Currency is not a commodity”, he says.

“You sell coffee. Coffee… can be ground and made into a cup of coffee.

“But currency, you cannot grind it and make it into anything. It is just figures in the books of the banks and you can trade with figures in the books of banks only.

“There must be something solid to trade, then you can legitimately make money.”

via The BBC

See Also: Money and Wealth
Gay Byrne Versus The KLF