Skip to main content

Just my thoughts #0483

The big difference is that business allows the transfer of wealth or value to be based on production, while gambling occurs without production. Sustained productivity creates added value. The system that drives the world in any country seeks to protect this productivity through legal or administrative power. If productivity does not improve, society will deteriorate. Interest represents the added value of the financial industry, serving as the price of time for lending money. Therefore, since interest is an abstract concept agreed upon by society, it does not create new values that did not exist through production activities. If interest leads to the transfer of wealth, someone inevitably experiences a sense of loss. There are two instances in which interest is permitted in the Bible: one is when nature’s productive forces yield fruit that did not previously exist, and the other is when the neighbor’s self-sacrifice is acknowledged. Thus, when interest is recognized as a price for supp...
Post a Comment

Just my thoughts #0233

Why were the Beatles born in Liverpool? At the time, it was estimated that there were over 500 bands in the Liverpool area. One reason for this musical explosion is the presence of a U.S. military base at Burtonwood, located 24 kilometers from Liverpool. During World War II, this base provided essential supplies to a war-torn region and served as a conduit for the influx of American popular culture. Historically, wars and military installations have significantly impacted cultural development.


- Joseph’s “just my thoughts”




Labels:

Comments

Post a Comment

Popular posts from this blog

Just my thoughts #0039

The Anchoring Heuristic In 1974, Tversky and Kahneman divided two groups and asked one group to calculate the value of "8x7x6x5x4x3x2x1" and the other group to answer the question "1x2x3x4x5x6x7x8" immediately. The average calculation result of the first group was 2,250, and that of the second group was 512. For both groups, the original answer is 40,320, which is the same. Although they multiplied by the same number, the first group multiplied by the order of the larger number, resulting in a higher baseline adjustment, while the second group did the opposite. When we judge and make decisions, the reference point determines the extent and direction of our illusion. When we live, we have to deal with these fallible human beings. - Joseph's "just my thoughts"
Post a Comment
Read more

Just my thoughts #0057

Most people substitute the issue of choice with the issue of ability. They recognize they cannot do it because scaring to make the wrong choice or lack the knowledge. Banks pay me 1 to 2 percent interest annually on deposits but charge me 4 to 5 percent on loans. It's a game where I'm losing money in every way. Then, I want to avoid putting my money in the bank. It would be better to use it to purchase that bank's stocks as a substitute but meticulous care is required. To make a choice, you have to conquer your fears. How is this a difference of ability? - Joseph’s “just my thoughts"
Post a Comment
Read more

Just my thoughts #0006

"Apples are the fruit" is a true proposition. At this time, "apples" are a Sufficient Condition to be fruit, and vice versa, because the "fruit to be an apple is more necessary for other conditions such as "red, round", the fruit is a Necessary Condition to become an apple. If the proposition of "If you respect someone, you'll get married" is "true," it's a "Sufficient Condition" to find someone you admire for marriage, but it's just only a "Necessary Condition" to find someone to marry for respect. Even with respect, you can not get married. You can't get married even if the Reverse Proposition is "true." Because marriage is a matter of "choice" before conditions or needs. If you want a respectable man, you can find a great man. To live comfortably, you can find a rich man. So, is there no Necessary-Sufficient Proposition for a marriage (conditions where both the proposition ...
Post a Comment
Read more