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”
Johann Sebastian Bach had many children. To support his large family, Bach established a steady income, with occasional earnings from composing funeral music. This allowed him to secure a basic livelihood and sometimes pursue the music he was passionate about, which primarily resulted in his masterpieces. It is both desirable and important for an artist to earn a living independently. Balancing one’s livelihood as a person and as an artist holds significant religious and philosophical value.
- Joseph’s “just my thoughts”
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