A currency serves three functions: providing a means of payment, a unit of account and a store of value. Gold may be a store of value for wealth, but it is not a means of payment. You cannot pay for your groceries with it. Nor is it a unit of account. Prices of goods and services, and of financial assets, are not denominated in gold terms.
Potential home buyers have a two-step decision process. First, they determine whether they can afford to make a purchase - does their income safely cover their mortgage payment? Then they determine whether owning is a better financial choice than renting - are the costs of owning a home lower than the cost of renting it?
Stripe is building payment infrastructure for the Web, so we make it easy to accept credit cards online. Before Stripe, the way you'd do this is using the legacy banking structure. It was slow, it was complex, it was expensive. It had this very chilling effect on e-commerce.
Every professional athlete owes a debt of gratitude to the fans and management, and pays an installment every time he plays. He should never miss a payment.
Every rejection is incremental payment on your dues that in some way will be translated back into your work.
Many financial and industrial companies have been bailed out with the public's money, but very few of those who had run those companies have been punished for their failures. Yes, the top managers of those companies have lost their jobs - but with a fat pension and mostly with a handsome severance payment.
The sort of thinking at the time was, 'Well, we're giving you access to medical care which you wouldn't otherwise be able to get, so your payment is that we get to use you in research.'
That's my actual payment, the fact that I can actually make something that I actually enjoy and put on repeat, and it's not related to anything else or anyone else's thoughts and ideas, it all came from me; I just love that aspect of it.
In my early years, my father was away as a soldier in the war. When he came back, work was very difficult to come by. Even though he was a highly skilled man, a maker of furniture, the payment for that work was very poor.
The committee's work is not about whether or how we should pay reparations. That was never the intent nor will the payment of reparations be the outcome. This is an effort designed to involve the campus community in a discovery of the meaning of our past.