Money is the most widely used medium of exchange worldwide, serving as a way to buy essential goods needed for life or to store wealth. Since the country guarantees the stability of fiat currency, it becomes possible to exchange ‘things for money’ instead of ‘things for goods,’ unless the country goes bankrupt. However, this amount of money cannot be increased indefinitely. When there is too much money in circulation, its value drops below the price of goods, causing those who hold wealth in money to lose that wealth. The key point is that money is limited in the market. Due to this limitation, money gains value. The government regulates this money supply through the ‘interest rate.’ Raising the interest rate reduces the money supply, while lowering it increases the supply. This helps control prices. Therefore, understanding the interest rate is crucial for managing and valuing wealth, making it essential to know the interest rate above all else in life. - Joseph’s “just my thoughts”
Self-love is an essential human instinct, prompting us to prioritize our own survival before others. This instinct makes it challenging to make sacrifices for those around us. However, when we deeply love someone, we essentially extend and project our self-concept onto them. In essence, love involves sharing my self-love with another person. Consequently, love fades when I can no longer see myself reflected in that person. When our self-love becomes distorted, it leads to suffering in our relationships with others.
- Joseph’s “just my thoughts”
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