It is an economic axiom as old as the hills that goods and services can be paid for only with goods and services.
Tags: capitalism

Other Quotes by "Albert J. Nock"

The university's business is the conservation of useless knowledge; and what the university itself apparently fails to see is that this enterprise is not only noble but indispensable as well, that society can not exist unless it goes on.
Tags: only, society, business, knowledge
Considered now as a possession, one may define culture as the residuum of a large body of useless knowledge that has been well and truly forgotten.
Tags: useless, body, culture, knowledge
Someone asked me years ago if it were true that I disliked Jews, and I replied that it was certainly true, not at all because they are Jews but because they are folks, and I don't like folks.
Tags: like, someone, true, me
Perhaps the prevalence of pedantry may be largely accounted for by the common error of thinking that, because useful knowledge should be remembered, any kind of knowledge that is at all worth learning should be remembered too.
Tags: worth, thinking, knowledge, learning
Learning has always been made much of, but forgetting has always been deprecated; therefore pedantry has pretty well established itself throughout the modern world at the expense of culture.
Tags: always, world, culture, learning
View More by "Albert J. Nock"