Money differs from an automobile or mistress in being equally important to those who have it and those who do not.
About this quote
- What does it mean?
- Money is unique because it matters equally to the rich and the poor, unlike luxury items.
- In plain terms
- Rich and poor people both care deeply about having money.
- What can you take from it?
- Money affects everyone regardless of their current wealth status.
Where it applies
Putting it to work
Questions to consider
- Why does money matter to everyone?
- Is money more important than other goods?
Another view
It treats money as equally important in terms of utility, which ignores marginal utility.
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