Please provide a further explanation of these quotations. Please divide the answers into sections so they don't get mixed up. Thank you 1. Money is the medium by which earthly success is...

Please provide a further explanation of these quotations. Please divide the answers into sections so they don't get mixed up. Thank you

1. Money is the medium by which earthly success is measured 

2. Money makes possible the enjoyment of the best the earth affords 

3. Money is plentiful for those who understand the simple laws which govern its acquisition 

4. Money is governed today by the same laws which controlled it when prosperous men thronged the streets of Babylon, six thousand years ago.

Asked on by Angie A.

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pohnpei397 | College Teacher | (Level 3) Distinguished Educator

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Quotation 1:

What this quotation is saying is that we use money to measure whether we are succeeding in life.  We think that we can only succeed if we make a lot of money.  If we fail to get rich, then we must not be as successful as those people who have made more money than we have.  This is, of course, a very materialistic way of thinking.  It ignores the possibility that there are things that are more important in this life than money.  Clearly, we need some money to live.  However, we can argue that it is better to be moderately well-off and to have good relationships with family and friends than it is to be extremely wealthy and alone.  Regardless of what we believe, this quote is arguing that the only way to measure our success is to look at how much money we have made in our lives.

Quotation 2:

This quote takes a slightly different point of view than Quotation 1.  This quote is not saying that money is the most important thing.  Instead, it is saying that money makes it possible for us to enjoy the best things that life on this earth has to offer.  If we do not have money, we cannot have or do the things that make our lives enjoyable.  If we wanted to defend this point of view, we could point out that it would not be possible to enjoy family life without money.  If we do not have money, we will not be able to afford to get married and to have children.  We would not be able to support our children and keep them healthy.  If we say that having a family and children is one of the best things in life, then we can say that we need to have money to get the best things.  In this view, then, money is a means to an end and not an end in itself.

Quotation 3:

This quote is asserting that it is easy to get rich if only you know how.  It says that there are simple rules that tell you how to get money and that if you understand those rules, you will be able to have plenty of money.  I do not know if this statement is true because I do not have unlimited money.  If there are easy rules that tell me how to make money, I do not know what they are.  I suppose that you could argue that hard work and education are fail-proof ways to make money, but they are not guaranteed to make us truly wealthy.

Quotation 4:

This quotation is saying that the laws of economics never change.  From this point of view, the laws of supply and demand controlled money thousands of years ago and still continue to control it today.  This makes a great deal of sense to me.  Today, the people who are able to make money are generally those who can provide something that is in high demand.  The more people want a given product, the more they are willing to pay for it.  The people who have those products, or those who can make them, can get a lot of money.  This has, as far as I can tell, always been true.

Sources:

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