The personal value of money is directly influenced and measured only in exchanges for consumption goods.
An income of consumption goods is a part of wealth, but not the whole of it.
In other cases, the object of a loan of consumption goods is to increase the future earning-power of the borrower.
Most consumption goods are used to gratify a wish of the moment.
The great bulk of their income is turned at once into consumption goods.
And there are people, particularly jewelers, who often want money as a raw material for consumption goods.
Ultimately, in general, economic values come from the "primary values" or "first order" values of consumption goods and services.
Demand for consumption goods is thus the manifestation of the man's desire to redistribute his enjoyments.
The consumption goods, the "present goods" at the moment available, are the essential part of wealth for the moment's enjoyment.
The only essential and immediate conditions of a series of gratifications is a regular series of consumption goods.