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  • When money ceases to be the tool by which men deal with one another, then men

  • become the tools of men

  • money is a barometer of a society's virtue, when you see that trade is done

  • not by consent but by compulsion

  • when you see that in order to produce you need to obtain permission from men

  • who produce nothing, when you see that money is flowing to those who deal not

  • in goods but in favors, when you see that men get richer by graft and by pole

  • than by work, and your laws do not protect you against them but protect

  • them against you, when you see corruption being rewarded and honesty becoming a

  • self-sacrifice

  • you may know that your society is doomed

  • So I'm going to read to you a bit of Atlas Shrugged. Ayn Rand, the author,

  • was born in 1905 on st. Petersburg, Russia

  • she was somewhat upper-middle-class, her father was a pharmacist that owned the

  • building that housed the pharmacy

  • during the time of the Russian Revolution she was 12 when her father's

  • business was confiscated, and they fled to Crimea

  • when they returned to st. Petersburg they faced nearly starving conditions and

  • she eventually came to hollywood in 1925 and she wrote screenplays and novels in

  • Hollywood all through the twenties, thirties and on in to the sixties

  • actually I believe that with her background there's no greater authority

  • to speak on the virtues of capitalism versus the evils of collective

  • collectivism, and this is a theme that ran all through her work. In the Great

  • Depression socialist values had become quite popular in the United States and

  • against that social backdrop all of her works idealized cap-capitalism so it was

  • something very unpopular, yet

  • her book has become one of the best --- the Atlas Shrugged has become one of the

  • best-selling books of all time

  • and so I'm going to read a masterpiece within a masterpiece, when you read Atlas

  • Shrugged

  • it's a little bit dated and boring and you wonder why you're reading it for the

  • first four hundred pages but then right about page 400 you go

  • "Holy molly!" well you can't put this.... this little speech at a party

  • pops up and then you realize why you're reading this thing

  • standing unnoticed on the edge of the group, Rearden heard a woman who had a

  • large diamond earrings in a flabby nervous face

  • ask densely: "Signore D'aconia, what do you think is going to happen to the world?"

  • "Just exactly what it deserves"

  • "Oh how cruel". "Don't you believe in the operation of the moral law madam?"

  • Francisco ask greatly

  • "I do". Rearden heard Bertram scatter outside the group say to a girl who made

  • some sound of indignation

  • "Don't let him disturb you, you know money is the root of all evil and he's the

  • typical product of money". Rearden did not think that Francisco could have heard it

  • but he saw Francisco turning to them with a gravely courteous smile

  • "So you think that money is the root of all evil?" said Francisco

  • "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 principal the men who wish to deal with

  • one another must deal by trade and give value for value money is not a tool of

  • the moochers who claim your product by tears or the looters who take it from

  • you by force

  • money is made possible by the men who produce is this what you consider evil?

  • when you accept money in payment for your effort you do so on the conviction

  • that you will exchange it for the product of the effort of others

  • it is not the moochers or the looters who give value to money not an ocean of

  • tears nor all the guns in the world can transform those pieces of paper in your

  • wallet into the bread you will need to survive tomorrow

  • those pieces of paper which should have been gold are a token of honor your

  • claim on the energy of the men who produce your wallet is your statement of

  • hope that somewhere in the world around you

  • there are men who will not default on that moral principle which is the root

  • of money

  • is this what you consider evil?

  • have you ever looked at the root of production take a look at an electrical

  • generator and dare tell yourself that was created by the muscular effort of

  • unthinking brutes, try to go grow seed of wheat without the knowledge left to you

  • by men who had to discover it for the first time

  • try to obtain your food by means of nothing that physical motions and you'll

  • learn man's mind is the root of all the goods produced and all the wealth that

  • has ever existed on earth. But you say that money is made by the strong at the

  • expense of the weak?

  • what strength do you mean? it is not the strength of guns or muscles.

  • Wealth is the product of man's capacity to think, then is money made by the man

  • who invents a motor at the expense of those the who did not invent it? is money

  • made by the intelligent at the expense of the fools? by the able at the

  • expense of the incompetent? by the ambitious at the expense of the lazy?

  • money is made before it can be mooched or looted, made by the effort of every

  • honest man

  • each to the extent of his own ability and honest man knows that he can't

  • consume more than he has produced. To trade by means of money is the code of

  • the men of goodwill. Money rests on the axiom that every man is the owner of his

  • mind and his effort. Money allows no power to prescribe the value of

  • your effort except the voluntary choice of the man who is willing to trade you

  • his effort in return. Money permits you to obtain for your goods and your labor

  • that which they are worth to the men who would buy them but no more. Money permits

  • no deals except those to mutual benefit by the unforced judgment of the traders

  • money demands of you

  • the recognition that men must work for their own benefit

  • not for their injury, for their gain not their loss.

  • The recognition that they are not beasts of burden borne to carry the weight of

  • your misery, that you must offer them values not wounds, that the common bond

  • among men

  • is not the exchange of suffering but the exchange of goods. Money demands that

  • you sell not your weakness to men stupidity but your talent to their

  • reason.

  • It demands that you by not the shoddiest they offer but the best your money can

  • find, and when men live by trade with reason

  • , not foce, us as their final arbiter it is the best product that wins, the best

  • performance,

  • the man of best judgment and highest ability, and the degree of a man's

  • productiveness is the degree of his reward.

  • This is the code of existence who's tool and symbol is money

  • is this what you consider evil? but money is only a tool, it will take you wherever

  • you wish but it will not replace you as the driver.

  • it will give you the means for the satisfaction of your desires, but it will

  • not provide you with desires

  • money is the scourge of the men who attempt to reverse the law of causality

  • the men who seek to replace the mind by seizing the products of the mind

  • Money will not purchase happiness for the man who has no concept of what he

  • wants, money will not give him a code of values if he's evaded the knowledge of

  • what to value, and it will not provide him with a purpose

  • if he's evaded the choice of what to seek. Money will not buy intelligence for

  • the fool, nor admiration for the coward, nor respect for the incompetent,

  • the man who attempts to purchase the brains of his superiors to serve him

  • ,with his money replacing his judgment, ends up becoming the victim of his

  • inferiors. The men of intelligence desert him but the cheats and the frauds come

  • flocking to him drawn by a law which he has not yet discovered, that no man may

  • be smaller than his money.

  • Is this the reason you call it evil?

  • Only the man who does not need it is fit to inherit wealth

  • the man who would make his own fortune no matter where he started

  • if an heir is equal to his money then it serves him, if not it destroys him but

  • you look on and you cry that money corrupted him.

  • Did it? or did he corrupt his money?

  • do not envy a worthless heir, his wealth is not yours and you would have done no

  • better with it.

  • do not think it should have been distributed among you, loading the world

  • with 50 parasites instead of one would not bring back the dead virtue which was

  • the fortune. Money is a living power that dies without its root, money will not

  • serve the mind that cannot match it. Is this the reason why you call it evil?

  • money is your means of survival

  • the verdict you pronounce on your source of livelihood is the verdict you

  • pronounce upon your life

  • if the source is corrupt you have damned your own existence

  • did you get your money by fraud? by pandering to men's vices or stupidity? by

  • catering to fools in hope of getting more than your ability deserves?

  • by lowering your standards? by during doing work you despise for purchasers

  • you scorn?

  • if so your money will not give you a moment's or a Penny's worth of joy

  • then all the things you buy will become, not a tribute to you, but a reproach, not

  • an achievement but a reminder of shame

  • then you'll scream that money is evil. evil because it would not pinch-hit for

  • your self-respect, evil because it would not let you enjoy your depravity, is this

  • the root of your hatred of money? Money will always remain an effect and refuse

  • to replace you as the cause

  • money is the product of virtue but it will not give you virtue and it will not

  • redeem your vices. Money will not give you the unearned, neither and matter nor

  • in spirit, is this the root of your hatred of money? or did you say that it's

  • the love of money that is the root of all evil? To love a thing is to know and

  • love its nature, to love money is to know and love the fact that money is the

  • creation of the best power within you and your pass key to trade your effort

  • for the effort of the best among men

  • it's the person who would sell his soul for a nickel

  • who is the loudest at proclaiming his hatred of money, and he has good reason

  • to hate it

  • the lovers of money are willing to work for it, they know they are able to

  • deserve it

  • let me give you a tip on a clue to men's characters

  • the man who damns money has attained it dishonorably, the man who respects it has

  • earned it

  • run for your life from any man who tells you that money is evil

  • that sentence is the leper's bell of an approaching looter

  • so long as men lived together on earth and need means to deal with one another

  • their only substitute if they abandoned money is the muzzle of a gun

  • but money demands of you the highest virtues if you wish to make it or keep

  • it

  • men who have no courage pride or self-esteem, men who have no moral sense

  • of their right to their money, are not and are not willing to defend it as they

  • defend their life, men who apologize for being rich will not remain rich for long

  • they are the natural bait for the swarms of looters that stay under rocks for

  • centuries but come crawling out at the first smell of the man who begs to be

  • forgiven for the guilt of owning wealth. They will hasten to relieve him of this

  • guilt and of his life as he deserves

  • then you will see the rise of the man of the double standard

  • the men who live by force yet count on those who live by trade to create the

  • value of their looted money

  • the men who are the hitchhiker's of virtue. In a moral society

  • these are the criminals and the statutes are written to protect you against them

  • but when society establishes criminals by right and looters by law

  • men who use force to seize the wealth of the disarmed victims then money becomes

  • its creators Avenger. Such looters believe it's safe to rob a

  • defenseless man once they've passed a law to disarm them, but their loot

  • becomes the magnet for other looters who get it from them as they got it

  • and then the race goes, not to the ablest of production but to the most

  • brutal ruthless and brutality

  • when force is the standard, the murderer wins over the pickpocket and then

  • society vanishes in a spread of ruins and slaughter

  • do you wish to know whether that day is coming?

  • watch money; money is a barometer of a society's virtue, when you see that trade

  • is done not by consent but by compulsion

  • when you see that in order to produce you need to obtain permission from men

  • who produce nothing. When you see that money is flowing to those who deal not

  • in goods but in favors, when you see that men get richer by graft and by pole

  • than by work, and your laws do not protect you against them but protect

  • them against you, when you see corruption being rewarded and honesty becoming a

  • self-sacrifice

  • you may know that your society is doomed

  • money is so noble a medium it does not compete with guns and it does not make

  • terms with brutality

  • it will not permit a country to survive as half property half loot

  • whenever destroyers appear among men

  • they start by destroying money, for money

  • is men's protection in the base of a moral existence. Destroyers sees gold and

  • leave to its owner's a counterfeit pile of paper

  • this kills all objective standards and delivers men into the arbitrary power of

  • an arbitrary set of values

  • gold was an objective value, an equivalent of wealth produced, paper is a

  • mortgage on wealth that does not exist

  • backed by a gun aimed at those who are expected to produce it

  • paper is a check drawn by legal looters upon an account which is not theirs

  • upon the virtue of the victims, watch for the day when it bounces marked "account

  • overdrawn"

  • when you have made evil the means of survival do not expect men to remain

  • good

  • do not expect them stay moral and lose their lives for the purpose of becoming

  • the father of the immoral, do not expect them to produce when production is

  • punished

  • and looting rewarded, do not ask who is destroying the world, you are, you stand

  • in the midst of the greatest achievement of the greatest productive civilization

  • and wonder why it is crumbling around you. While you're damning its

  • lifeblood, money.

  • you look upon money as the savages did before you and you wonder why the jungle

  • is creeping back to the edges of your cities. Throughout men's history money

  • was always seized by looters of one brand or another whose names changed but

  • whose methods remained the same to seize wealth by force and to keep the

  • producers bound domaine, defamed and deprived of honor. That phrase about the

  • evil of money which you mouth with such righteous recklessness comes from a time

  • when wealth was produced by the labor of slaves, slaves who repeated the motions

  • once discovered by somebody's mind and left unimproved for centuries

  • so long as production was ruled by force and wealth was obtained by conquest

  • there was little to conquer, yet through all the centuries of stagnation and

  • starvation man exalted the looters as aristocrats of the sword, as aristocrats

  • of birth, as aristocrats of the bureau, and despise the producers as slaves, as

  • traders, as shopkeepers, as industrialist. To the glory of mankind

  • to the glory of mankind there was for the first and only time in history a

  • country of money, and i have no more reverent tribute to pay to America for

  • this means a country of reason, justice freedom, production, achievement. For the

  • first time man's mind and money were set free and there were no fortunes made by

  • conquest but only fortunes made by work and instead of swords- swordsmen and slaves

  • there appeared the real makers of wealth, the greatest

  • worker, the highest type of human being

  • the self-made man, the American industrialist, if you ask me to name the

  • proudest distinction of americans i would choose, because it contains all the

  • others,

  • the fact that they were the people who created the

  • phrase "to make money". No other language nor nation has ever used these words

  • before. Man had always thought of wealth is a static quantity to be seized, begged

  • inherited, shared, looted, or obtained as a favor

  • Americans were the first to understand that wealth has to be created. The words

  • "to make money"

  • hold the essence of human morality

  • yet these were the words for which Americans were denounced by the rotted

  • cultures of the looters continents

  • now the looters credo has brought you to regard your proudest achievements as a

  • hallmark of shame. Your prosperity is guilt, your greatest men, the industrials,

  • as blaggards and your magnificent factories as the product and property of

  • muscular labor, the labor of whip driven slaves like the pyramids of Egypt. The

  • rotter who simpers that he sees no difference between the power of the

  • dollar and the power of the whip ought to learn the difference on his own hide

  • as I think he will. Until and unless you discover that money is the root of all

  • good

  • you asked for your own destruction. When money ceases to be the tool by which men

  • deal with one another then men become the tools of men. Blood, whips, and guns or

  • dollars?

  • take your choice, there is no other and your time is running out.

  • thank you

When money ceases to be the tool by which men deal with one another, then men

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