An American credit card...is just as good in Europe as American gold used to be.
About this quote
- What does it mean?
- American credit cards function globally with the same reliability that gold once did.
- In plain terms
- Credit cards are as universally accepted as gold used to be.
- What can you take from it?
- Digital finance has replaced physical gold as a universal medium of exchange.
Where it applies
Putting it to work
Questions to consider
- How has money changed?
- What gives currency value?
Another view
Credit depends on systems that can fail unlike physical gold.
More from Edward Bellamy
[I]f we could have devised an arrangement for providing everybody with music in their homes, perfect in quality, unlimited in quantity, suited to every mood, a…
Permalink to quote #14 Equal wealth and equal opportunities of culture...have simply made us all members of one class.
Permalink to quote #16 Badly off as the men...were in your day, they were more fortunate than their mothers and wives.
Permalink to quote #13
Related quotes
If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good, makes the bill good also. The difference between the b…
Thomas Alva EdisonThomas Alva Edison quote #21 But it will be asked, are we to have no banks? Are merchants and others to be deprived of the resource of short accommodations, found so convenient? I answer, …
Thomas JeffersonThomas Jefferson quote #166 I hate banks. They do nothing positive for anybody except take care of themselves. They're first in with their fees and first out when there's trouble.
Earl WarrenEarl Warren quote #9