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Just my thoughts #0732

If you’re alone on an uninhabited island, you don’t need money; you only need resources and labor to process those resources for survival. In other words, there’s no need for an exchange-based economy. The exchange of goods led to the development of an economic system that dramatically increases efficiency and productivity. The monetary system was created because society consists of many people living together. To facilitate exchange, value had to be measured, and a price assigned to that value. The foundation of wealth is built on production and exchange. We all rely on others to survive. - Joseph’s “just my thoughts”
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Just my thoughts #0503

The fantastic idea I had was that someone else in the world had the same idea. An easy place to check is the stock market. People in the world are either as smart as I am or smarter than I am. There are no good ideas, only different thoughts. It is essential to try to think differently from others, even if the utility value of different thoughts is not high. The utility value of thought increases only when the ability to grasp the essence and the experiences gained from life come into play. Think differently from others within your own abilities.


- Joseph’s “just my thoughts”




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