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”
Even if I have too many human relationships, many of them are not directly connected to me. Therefore, many people believe that they only need a few good companions by their side. In other words, human relationships also involve probability. This thought presents a problem, too, because the choice of who qualifies as “good people” and the ability to strengthen those relationships isn’t entirely in my hands. Most of the time, the reason I can’t escape all the conflicts and hardships is that I can’t take control of my life independently. Thus, we are very fragile creatures.
- Joseph’s “just my thoughts”
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