What if you could fulfill your transaction benefits (considerations) in various ways, including fiat money? Have you ever wondered what the consequences for your business would be if you could fulfill your benefits in ways other than cash? For instance, let’s say you are a shoe manufacturer. To make shoes, you must purchase raw materials like leather and process them into finished products known as shoes. At this time, if you can pay for raw materials with the finished shoes you made instead of fiat currency, you wouldn’t need to take out a loan with interest from the bank. However, the world’s economic system has limited the standard of value exchange to ‘cash,’ commonly referred to as fiat money. We need to understand precisely why banking is so important to entrepreneurs. This is one of the reasons the industry does not surpass finance. After all, money is among the goods whose value is determined by supply and demand. - Joseph’s “just my thoughts”
Macroscopic and microscopic perspectives sometimes reveal contradictions or conflicts of logic. We must consider the variable of time when forming our thoughts and judgments, because in many cases what is considered right macroscopically may not be appropriate microscopically. In stock investing, stocks deemed correct from a long-term view are often seen as poorly chosen from a short-term perspective. Our values and judgments are sometimes praised and at other times criticized over a certain period. It seems like an innocent prank over time.
- Joseph’s “just my thoughts”
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