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"The Yap Island chiefs who refused O'Keefe's
cheap Rai stones understood what most modern economists fail to grasp: a
money that is easy to produce is no money at all, and easy money does not
make a society richer; on the contrary, it makes it poorer by placing all its
hard‐earned wealth for sale in exchange for something easy to produce." — Mar 25, 2025 11:41PM
"The Yap Island chiefs who refused O'Keefe's
cheap Rai stones understood what most modern economists fail to grasp: a
money that is easy to produce is no money at all, and easy money does not
make a society richer; on the contrary, it makes it poorer by placing all its
hard‐earned wealth for sale in exchange for something easy to produce." — Mar 25, 2025 11:41PM
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