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”
Steve Jobs died of pancreatic cancer. I have often imagined what the world would be like if he were alive now. But how can we control our deaths? I certainly believe that there are some things that humans cannot intervene in. Whether we call it fate or luck, I think meeting a beloved spouse is also part of this, although we choose the spouse with our intentions. Some people believe that a person has been chosen and loved, but beyond that decision, I ponder whether there is a power with which humans cannot intervene...
- Joseph’s “just my thoughts”
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