Adam Smith's quote "All cash refers belief" is a reflection of his belief that money is a social construct. Cash is not a physical object, however rather a representation of value. Money is just valuable since individuals believe it is. Without this belief, cash would be useless. This quote is a pointer that money is not an outright, but rather an idea that is based on the cumulative belief of society. Cash is a tool that is used to facilitate the exchange of goods and services, and its worth is identified by the trust that people have in it. Money is a powerful force in our lives, and it is necessary to bear in mind that its worth is based on the collective belief of society.
This quote is written / told by Adam Smith between June 5, 1723 and July 17, 1790. He was a famous Economist from Scotland, the quote is categorized under the topic Finance. The author also have 29 other quotes.
"I don't understand the whole dating thing. I know right off the bat if I'm interested in someone, and I don't want them to waste their money on me and take me out to eat if I know I'm not interested in that person"
"Given the choice, children who don't want for anything will not save... We have an obligation as parents to give our children what they need. What they want we can give them as a special gift, or they can save their money for it"
