From The Quotable Mises — surrounding passage

The Theory of Money and Credit , p. 41 The simple statement, that money is a commodity whose economic function is to facilitate the interchange of goods and services, does not satisfy those writers who are interested rather in the accumulation of material than in the increase of knowledge. The Theory of Money and Credit , pp. 46–47 Money has thus become an aid that the human mind is no longer able to dispense with in making economic calculations. The Theory of Money and Credit , p. 62

“Money has no utility other than that arising from the possibility of obtaining other economic goods in exchange for it.”

The Theory of Money and Credit , p. 118 The valuation of the monetary unit depends not upon the wealth of the country, but upon the ratio between the quantity of money and the demand for it, so that even the richest country may have a bad currency and the poorest country a good one. The Theory of Money and Credit , p.