Thanks to a song in the 1940s, “money is the root of all evil” has become a common phrase. But is money really evil or is it an effective and necessary tool?
Money generally gets a bad rap. It’s something most people want, but it often ends up criticised as an evil entity out there to encourage people to do absolutely anything to get it. In Atlas Shrugged, via her character Francisco d’Anconia, Ayn Rand discusses the virtues of money — a rebuttal of the idea that money is an inherently evil thing.
So you think that money is the root of all evil? Have you ever asked what is the root of money? Money is a tool of exchange, which can’t exist unless there are goods produced and men able to produce them. Money is the material shape of the principle that men who wish to deal with one another must deal by trade and give value for value. Money is not the tool of the moochers, who claim your product by tears, or of the looters, who take it from you by force. Money is made possible only by the men who produce. Is this what you consider evil?
Full text available at Capitalist Magazine.
What do you think? Is money good, evil or somewhere in between?
Francisco’s Money Speech [Capitalist Magazine]